The automaker’s share price dropped abruptly almost 65% in the last 12 months and the current trade is around 6.7 euro, while rival Renault’s share increased 30%. PSA’s market capitalization fell 2.4 billion euro ($3.1 billion), which would be about one fifth of Renault’s value of 11.2 billion. PSA is currently on the 77th place among the biggest French listed companies.
“Peugeot has the poorest weight in the index and is clearly at risk,” Exane BNP Paribas analyst Christophe Wakim wrote in a note on Monday. “Unless there is an exceptional ‘politically driven’ decision, Peugeot is at high risk of being deleted from the CAC 40 in September.”
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