Safran SA (OTCMKTS:SAFRY – Get Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.24 and traded as low as $86.71. Safran shares last traded at $88.46, with a volume of 220,305 shares.
Analyst Upgrades and Downgrades
SAFRY has been the topic of several analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Safran in a research note on Tuesday, February 17th. Wells Fargo & Company raised shares of Safran to a “strong-buy” rating in a research note on Tuesday, March 31st. BNP Paribas Exane initiated coverage on shares of Safran in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Jefferies Financial Group cut shares of Safran from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on SAFRY
Safran Stock Performance
Safran Company Profile
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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