Airbus: Goldman Sachs confirms buy rating

(CercleFinance.com) - Goldman Sachs confirms its buy rating on the Airbus share, with a target price of 139 euros, after the group announced its delivery figures.


The group delivered 89 aircraft in December, compared with 138 last year, but recorded a significant acceleration compared with November.

A total of 566 aircraft were delivered in 2020 despite the impact of COVID-19, 3% above the analyst's forecast (547).

"The majority of the additional deliveries vs our forecast were high-margin... driving a E202mn uplift to our 2020 EBIT forecast," Goldman Sachs says.

"In total, Airbus has received 268 net orders this year... Full-year cancellations fell from 363 cancellations in 2019 to 115 in 2020," it added.


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