Airbus Shares Bounce 2.28% Despite Lowered Target by Berenberg
Airbus shares significantly advanced this Wednesday midday, rising 2.28% to 168.32 euros after closing the previous day at 164.56 euros. This rebound occurs amidst a relaxation in European markets, with the CAC 40 up by 1.51% during the session. However, the European aircraft manufacturer has still significantly declined over three months, with a performance of -14.1%.
Market Context and Technical Levels
This Wednesday, Airbus' share price is significantly below its 50-day and 200-day moving averages, which are at 188.44 euros and 190.76 euros respectively, indicating a bearish trend that has been established for several weeks. The RSI, an indicator measuring the speed and magnitude of price movements, is at 32, very close to the oversold zone (below 30), signaling significant selling pressure on the stock in recent weeks. The most relevant technical support threshold is at 160.92 euros, a level recently tested and which constitutes a floor to closely monitor. The rebound today is part of a broader recovery movement in European markets, fueled by the de-escalation between Washington and Tehran announced on Sunday, March 23. The postponement of American strikes against Iran, after talks described as 'very successful' by Donald Trump, has helped ease tensions that weighed on financial markets at the beginning of the week. Among industrial stocks listed in Paris, Safran is up 1.99% and Schneider Electric 2.65% in session, in a generalized bullish movement.
Recent Analyst Adjustment and Financial Calendar
The day before this rebound, Berenberg revised its price target on Airbus downwards, reducing it from 210 euros to 190 euros. This new target still represents an approximate 12.9% upside potential from the current price of 168.32 euros. This adjustment adds to the 14.1% correction recorded by the stock over the last three months, during which the share significantly underperformed the CAC 40. Several key dates are on the financial calendar of the group. The Airbus general assembly will be held on April 14, followed by the publication of the first quarter 2026 results on April 28. These events could shed light on the operational trajectory of the aircraft manufacturer, in an environment characterized by high volatility in the markets, with the VIX standing at 26.78 at its last measure. Over one year, the stock shows a modest performance of 1.4%, illustrating the difficulties encountered by the stock despite a historically full order book.
