UBS Group restated their neutral rating on shares of Safran (EPA:SAF) in a research note released on Wednesday, www.boersen-zeitung.de reports.
Several other equities research analysts have also recently issued reports on the company. Credit Suisse Group set a €95.00 ($110.47) price objective on Safran and gave the stock a sell rating in a report on Wednesday, October 10th. JPMorgan Chase & Co. set a €113.00 ($131.40) price objective on Safran and gave the stock a buy rating in a report on Thursday, June 21st. Jefferies Financial Group restated a sell rating on shares of Safran in a report on Wednesday. Kepler Capital Markets set a €135.00 ($156.98) price objective on Safran and gave the stock a buy rating in a report on Wednesday, October 10th. Finally, Deutsche Bank set a €136.00 ($158.14) price objective on Safran and gave the stock a buy rating in a report on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of €117.60 ($136.74).
Safran stock opened at €88.30 ($102.67) on Wednesday. Safran has a fifty-two week low of €67.17 ($78.10) and a fifty-two week high of €92.36 ($107.40).
Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion, Aircraft Equipment, and Defense. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters, and tactical missiles and drones.
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