Airbus: UBS a buyer, still targets 130 euros
(CercleFinance.com) - This morning UBS welcomed the quarterly accounts of aircraft manufacturer Airbus Group, confirming its buy rating on the share.
The broker has a 12-month target price of 130 euros, representing upside potential increase of over 35%.
Airbus performed much better than expected in Q3: published sales exceeded the consensus expectations by 4%, while adjusted EBITA outpaced them by 12%. "Airbus Commercial (the group's main division dedicated to civil aircraft, expected) reported 12.3% margin in 3Q18 and 7.7% in 9M18," the broker said in its report.
In addition, UBS notes that Airbus has not announced anything new regarding A320 deliveries, "which we consider reassuring".
UBS says that, "From today's announcement, we think management has derisked 2018".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker has a 12-month target price of 130 euros, representing upside potential increase of over 35%.
Airbus performed much better than expected in Q3: published sales exceeded the consensus expectations by 4%, while adjusted EBITA outpaced them by 12%. "Airbus Commercial (the group's main division dedicated to civil aircraft, expected) reported 12.3% margin in 3Q18 and 7.7% in 9M18," the broker said in its report.
In addition, UBS notes that Airbus has not announced anything new regarding A320 deliveries, "which we consider reassuring".
UBS says that, "From today's announcement, we think management has derisked 2018".
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.