Safran (OTCMKTS:SAFRY) Reaches New 12-Month High – Should You Buy?

Safran SA (OTCMKTS:SAFRYGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $76.69 and last traded at $76.42, with a volume of 18970 shares traded. The stock had previously closed at $75.46.

Wall Street Analysts Forecast Growth

SAFRY has been the topic of several analyst reports. Kepler Capital Markets upgraded Safran from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 28th. Citigroup cut Safran from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on SAFRY

Safran Price Performance

The business has a fifty day moving average price of $70.47 and a 200 day moving average price of $64.52.

Safran Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, May 29th were paid a $0.6108 dividend. This is a positive change from Safran’s previous dividend of $0.59. This represents a yield of 0.82%. The ex-dividend date was Wednesday, May 28th.

About Safran

(Get Free Report)

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.

Further Reading

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