Airbus Shares Drop 2.09% to €171.82, Weighed Down by Brent Above $106
Airbus shares fell by 2.09% to €171.82 as the market approached closing, within a CAC 40 that declined by 1.02% to 7,974 points. The European aircraft manufacturer operates in a pressured Paris market, as Brent oil rebounds to $106.46. The stock has fallen below its 20-day moving average and now shows a decline of 8.24% over three months.
Oil Context Once Again Weighs on the Aerospace Sector
Brent oil has risen by 1.80% to $106.46, driven by ongoing tensions around Iran and the Strait of Hormuz. Indirect exchanges between Washington and Tehran through the Pakistani mediator have not solidified the ceasefire, which is considered fragile by Donald Trump. France and the United Kingdom are set to co-chair a meeting on a potential security mission for the strategic Gulf passage.
This situation weighs on the entire European aerospace sector, as client companies see their fuel costs increase. Airbus had already declined by 2.36% the previous day in a context of Brent above $103. The stock thus extends its decline for another session, ranking 33rd in the CAC 40 and among the ten largest drops of the index, dominated by STMicroelectronics (4.12%) and Societe Generale (3.93%).
Below the MM20, in Contact with the MM50, and a Clear Calendar
The price has fallen below its 20-day moving average (€173.79) by 1.13%, after having crossed its resistance at €179.48 at the beginning of May. It is now precisely at the 50-day moving average, at €171.82, which serves as a short-term technical pivot. The RSI at 51 remains neutral, with no overbought or oversold signals. The 200-day average, at €190.09, remains 9.61% above the current price, indicating a still bearish medium-term trend.
The valuation stands at approximately 23.8 times the expected earnings for the current fiscal year, compared to 18.2 times for the Industrials sector average, based on a consensus of 17 analysts. Earnings per share growth is expected to be 19.2% from one fiscal year to the next. The next events on the calendar are the Oddo BHF Sustainability Forum on May 19, followed by the Airbus Defense Summit on May 20. The reference technical support remains set at €159.18.
