Goldman Sachs Group Reiterates “€169.00” Price Target for Safran (EPA:SAF)
Goldman Sachs Group set a €169.00 ($196.51) price objective on Safran (EPA:SAF) in a report published on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research firms have also recently weighed in on SAF. Jefferies Financial Group set a €120.00 ($139.53) price target on shares of Safran and gave the stock a sell rating in a report on Monday, October 14th. Barclays set a €172.00 ($200.00) price target on shares of Safran and gave the stock a buy rating in a report on Wednesday, January 8th. Kepler Capital Markets set a €155.00 ($180.23) price target on shares of Safran and gave the stock a buy rating in a report on Thursday, October 31st. Nord/LB restated a buy rating on shares of Safran in a report on Monday, November 4th. Finally, Credit Suisse Group set a €162.00 ($188.37) price target on shares of Safran and gave the stock a buy rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Safran has a consensus rating of Buy and a consensus target price of €149.00 ($173.26).
Safran stock opened at €142.55 ($165.76) 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). The firm’s 50-day simple moving average is €142.18 and its 200 day simple moving average is €137.83.
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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