The CAC 40-listed Airbus Group SE (FR:AIR) received multiple Buy ratings from analysts over the last week, signalling more upside in the share price. The positive outlook from analysts was mainly driven by the company’s strong order growth and deliveries of aircraft. The company is gearing up to increase its production and achieve delivery targets despite challenges in the post-pandemic supply chain impacting output.
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This move is in response to broader industry demand as airlines recover from pandemic setbacks and look for fleet replacements. Overall, the stock has received a Moderate Buy rating from analysts on TipRanks.
Airbus Group is a leading European manufacturing company, providing aircraft to aeronautics, defence, and space-related industries.
Recent Ratings
Today, analyst Chloe Lemaire from Jefferies upgraded her rating on the stock from Hold to Buy at a price target of €150. This implies a growth of almost 20% in the share price. Lemaire is a four-star-rated analyst on TipRanks and mainly covers defence and aerospace stocks across global markets. According to the TipRanks Star Ranking, experts are analyzed based on their success rates, returns, and statistical significance.
Lemaire is confident about the company’s target of delivering 720 commercial aircraft in 2023. The company’s recent performance has been satisfactory, and it has already delivered 316 aircraft for the first half of the year. Looking forward to 2024, she anticipates approximately 807 deliveries, although no specific forecast was outlined by the company.
Yesterday, Morgan Stanley analyst Ross Law reiterated his Buy rating on the stock, predicting an upside of 27.8% in the share price. Law reduced his price target on the stock from €162 to €161.
Analyst Benjamin Heelan from Bank of America Securities has the highest price target on the stock at €185, which implies a huge upside of 46%. He maintained his Buy rating on the stock 15 days ago.
Is Airbus a Buy or Sell?
Based on a total of 14 recommendations, AIR stock has received a Moderate Buy rating on TipRanks. It includes nine Buy, three Hold, and two Sell recommendations. The Airbus share price target is €147.32, which represents a favourable change of 16.7% in the share price.
In the last 12 months, the company’s stock has gained 25% in trading.
