Airbus Shares Fall Nearly 1.5%, Impacted by Brent Crude Prices
The European aerospace manufacturer is down at midday, moving against the trend of some well-oriented cyclicals on the Parisian market. The stock is operating in an unfavorable energy environment, as US strikes against Iran reignite tensions in the Middle East. The session is marked by a flurry of announcements at the ILA Berlin Air Show.
The stock falls 1.39% to €173.30 despite a flurry of contracts at the ILA show
Airbus shares are down 1.39% to €173.30 in early afternoon, while the CAC 40 is down 0.59%. The stock is among the lower performers in the Paris index, though not reaching the bottom five declines.
The decline occurs amidst significant commercial activity. The helicopter subsidiary has signed a contract with Romania for 12 multirole aircraft, while the Defence and Space division announced an expanded agreement with Diehl Defence in missile defense.
The energy context weighs more heavily: Brent crude has risen to around $92 following new US strikes against Iran, a traditionally unfavorable climate for aircraft manufacturers' clients.
The stock hovers around its 20-day moving average at €173.14, slightly above its 50-day MA at €172.05
The stock is immediately in contact with its 20-day moving average (€173.14), slightly above its 50-day MA at €172.05. The 200-day MA, at €189.54, remains above the current price (a gap of -8.57% compared to the MA200), indicating that the medium-term trend has not been reclaimed.
The RSI at 52 indicates a neutral configuration, without excessive selling or buying pressure.
From the analysts' perspective, two notes dated June 8 were published. Kepler Cheuvreux maintains its 'hold' rating with a target of €196, representing a potential upside of about 13% from the current price.
CIC Market Solutions confirms its 'buy' rating at €225, nearly 30% potential.
The Eurosatory fair is scheduled for June 17 and could bring new announcements in land defense.
