Vusion tops the SBF 120 after a buy rating from Citi
The electronic shelf-label manufacturer posts the strongest gain in its index this Monday, in a well-oriented Parisian market. The move follows an analyst rating issued the same day and brings the stock back to price levels it had lost in recent weeks.
A 5.27% jump that clears the 135 € zone and targets 147 €
Vusion gains 5.27% to 141.90 € intraday, above its previous close of 134.80 €. It is at the top of the SBF 120, which rises 0.4%. This rebound brings the stock to a 13.98% gain over one week and has pushed through the highest level of the last thirty sessions at 135 €, a level that now serves as support. The next resistance is located at 147 €.
The price is well above its 20-day moving average (a gap of 12.65%), while the RSI, at 69, remains below the overbought zone. This surge is part of the momentum of recent weeks, following the publication of third-quarter revenue on October 20, which showed order intake of 462 M€, up 10%. The stock is still down 41.27% over one year.
Citi sets a price target of 250 € with a buy rating on Vusion
Citi published a buy rating on the stock this Monday, with a price target of 250 €, implying an upside potential of approximately 76% relative to the current share price.
Short positions on the stock have declined: they stand at 2.15% of the share capital according to the disclosures reviewed, held by three funds, compared with 4.46% thirty days earlier.
On the business front, Vusion completed the acquisition of In-Store Media at the end of October, which adds to its connected-store platform an activity selling in-store advertising space. The group has also bought back 16 M€ of shares over twelve months, or 0.7% of its market capitalization.
