FDJ United Shares Fall to Six-Year Low Following Lowered Annual Targets and Tax Hikes
FDJ United shares dropped 6.09% to €19.73 on October 22, 2026, hitting a six-year intraday low of €19.45 as the broader SBF 120 index fell 1.42%, ideal-investisseur.fr reported. The decline followed the release of the company’s nine-month results on October 21, which revealed a 5.6% revenue drop driven by fewer Euromillions jackpots, high payouts in sports betting, and increased taxation.
The previous low of €20.33 dated back to the market collapse during the spring 2020 COVID-19 period. The stock fell below its €20.58 support level maintained over the preceding 250 sessions, which now acts as a resistance level. Technical indicators showed the Relative Strength Index (RSI) at 25, reflecting a sharp downturn as the equity lost 7.15% over the week.
Analyst Target Cuts and Downward Revisions to 2026 Guidance
Two financial institutions lowered their price targets on October 22 following the company’s revised trajectory. CIC Market Solutions reduced its target from €29 to €21 and downgraded its rating from buy to hold. Deutsche Bank lowered its target from €26.60 to €25.10 while maintaining a hold rating.
The analyst actions responded to management’s updated annual outlook. The group now expects a mid-single-digit revenue decline for 2026 alongside a current EBITDA margin of approximately 23%.
| Financial Institution | Previous Price Target | New Price Target | Rating |
|---|---|---|---|
| CIC Market Solutions | €29.00 | €21.00 | Hold (Downgraded from Buy) |
| Deutsche Bank | €26.60 | €25.10 | Hold |
Short Interest Grows as Stock Trades Below Moving Average
Short sellers held 6.57% of the company’s capital across five funds, marking a 0.38 percentage point increase over thirty days. While this short interest concentration is elevated, its growth rate remains moderate. Market consensus estimates place the stock at roughly 8.8 times expected earnings for the current financial year. Meanwhile, the share price trades 14.5% below its 200-day moving average (MM200) of €23.08.
Frequently Asked Questions About the FDJ United Share Decline
What specific factors caused the 5.6% revenue drop in the nine-month results?
The revenue decline reported on October 21 stemmed from fewer Euromillions jackpots, high player winnings in sports betting, and increased taxation.
How does the current stock price compare to historical lows?
The stock touched a six-year low of €19.45 during trading on October 22, dropping beneath the previous significant low of €20.33 recorded during the COVID-19 market downturn in the spring of 2020.
What are the company’s updated financial targets for 2026?
Management revised its annual trajectory to project a mid-single-digit decline in revenue for 2026 and a current EBITDA margin of approximately 23%.
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