Safran SA (OTCMKTS:SAFRY – Get Free Report) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 118,521 shares, a decline of 36.9% from the July 30th total of 187,756 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 265,648 shares, the short-interest ratio is currently 0.4 days.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Safran in a report on Monday, July 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Safran in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating on shares of Safran in a research note on Thursday, August 13th. DZ Bank downgraded shares of Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Safran currently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on SAFRY
Safran Stock Down 2.1%
About Safran
Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.
The company’s principal activities cover aircraft propulsion and equipment.
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