(CercleFinance.com) – The Airbus share suffered one of the biggest drops in the CAC 40 index on Monday morning as analysts at Berenberg reduced their recommendation on the stock from ‘buy’ to ‘hold’.
Around 10:30 a.m., the stock fell by just over 1% against stability at the same time for the CAC 40, which did not prevent it from maintaining a gain of more than 20% over the last three months.
If he says he appreciates the competitive positioning of the aircraft manufacturer, as well as its long-term prospects, Berenberg deplores the unanimity that surrounds the file, with 22 advice to purchase out of the 26 analysts following the value.
The consultancy adds that the impact of the persistent rise in inflationary pressures could also put the group’s profit margins under pressure this year.
The professional also mentions limited support elements in the immediate future, the management team having notably ruled out the launch of share buybacks as long as the net cash position has not returned above the 10 billion euro mark, a hypothesis currently envisaged for the end of 2023.
Its target price therefore increases from 150 to 120 euros.
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