Among CAC 40 leaders, Airbus stock rises 1.5% following 75 A320neo orders
The European aircraft manufacturer gains ground in early afternoon trading, in a slightly bullish Paris market. A major order from a leasing company and two analyst opinions published this week frame the session, as the stock recovers technical levels close to its recent benchmarks.
An order for 75 A320neo and analyst opinions framing the rebound
Airbus stock gains 1.54% to €197.78 in trading, compared to €194.78 at the previous close, and advances 5.6% over a week. The stock ranks among the top performers of the CAC 40, which advances 0.28%. The move is accompanied by a commercial announcement: Aviation Capital Group orders 75 A320neo, bringing the historical total of its orders for this aircraft type to 190 units.
Its chief executive officer, Thomas Baker, views it as the largest order placed by the company in nearly 40 years of existence. On the analyst side, CIC Market Solutions maintains its buy rating with a price target of €240 (analyst opinion page on Airbus), representing potential upside of approximately 21% from current levels. RBC Capital raises its price target to €240 while maintaining outperform.
Price back at the 50-day moving average level, distant from the €200.70 resistance
In terms of moving averages, the price is near the 50-day MA (€198.63, variation of -0.43%), after being clearly above the 20-day MA (€190.73) and the 200-day MA (€189.22). This recovery occurs following the breach of the €185.60 support in intraday trading in early October, followed by a sharp rebound. The RSI at 54 remains neutral and leaves room before the €200.70 resistance, approximately 1.5% from current levels.
