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Airbus Group shares were broadly higher, which changed hands at 56.67EUR or 0.11% in today’s session. It has outperformed the Standard & Poor’s 500 Index, which remained flat over the same period as the stock price was up by 21.92% relative to the 200-day average.      

It posted a 50-day moving average of 24.19EUR, while a 200-day moving average of 23.45EUR, citing a trading volume that was below the average, with 184,899 shares of AIR trading under 207,987 shares.

Meanwhile, Goldman Sachs Group Inc. has upgraded shares of the Airbus Group to Buy rating issued last September 7, 2016.

In essence, Goldman Sachs Group Inc previously released a statement for Airbus Group, which issued a price objective from 0.00EUR to 63.00EUR. Thus, it suggests a possible 0.17% upside at this moment.    

Analysts’ Recommendation

A total of 3 brokerages have issued ratings on the company’s stock. 0 analysts rated a strong buy, 2 analysts gave a buy rating, 1 affirmed a hold rating, 0 set an underperform rating, and 0 analysts confirmed a sell rating with a one year price objective of 28.67EUR.  

Given a market cap of 0.0EUR, Airbus Group posted a 52-week low of 18.36EUR and a 52-week high of 28.62EUR with a 21 PE ratio.

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Airbus Group NV’s rival Boeing had about 40% operation of the Dreamliner and are equipped with Rolls Royce engines. It seemed that the engine replacement issue has made other airlines jittery as well.      

Airbus Wins Orders From Vietnamese Carriers

Airbus Group SE won orders from carriers in Vietnam worth about $6.5 billion, suggesting a nation that is among the top ranked fastest-growing aviation markets in the next two decades.

The Vietnam Airlines Corp. agreed a settlement to buy 10 A350 wide-bodied aircraft for $3.1 billion in list prices, while affiliate Jetstar Pacific Airlines Aviation Joint Stock Co. has also agreed to buy 10 A320s worth about $980 million, according to the aircraft company.  

Vietnam’s only private airline VietJet Aviation Joint Stock Co., agreed on order worth $2.39 billion for another 20 A321 planes, the low-cost carrier said.  

These deals were signed in Hanoi, with the French President Francois Hollande, who has been visiting the Southeast Asian country where VietJet estimates air travel, which grew about 20 percent in the last three years.

Vietnam Airlines initiates refurbish fleet as it adds international routes while also holding a competition from VietJet, which begun operations in December 2011.

The chart below illustrates the AIR response during the previous signing of contract with the Vietnamese carriers, in which the stock price turned into positive and opened at 51.95 on September 2 at resistance 53.16 and support 52.19. The stock price showed a strong performance, touching two lines and tried to break out in the upside.

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Conclusion

Given the smooth signed agreement with the Vietnamese carriers, it is expected that the stock prices could continue an upward trend as the chart above shows a supporting candle, which totally break out on the upside near support 54.37.

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