Shares of Safran SA (OTCMKTS:SAFRY – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $90.53 and traded as high as $103.66. Safran shares last traded at $103.03, with a volume of 98,078 shares changing hands.
Analysts Set New Price Targets
A number of brokerages recently issued reports on SAFRY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Safran in a report on Wednesday, July 29th. BNP Paribas Exane initiated coverage on shares of Safran in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Safran in a research note on Friday, July 10th. Citigroup restated a “neutral” rating on shares of Safran in a report on Monday, July 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on SAFRY
Safran Stock Performance
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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