Safran (OTCMKTS:SAFRY) Hits New 1-Year High – Still a Buy?

Safran SA (OTCMKTS:SAFRY)’s share price reached a new 52-week high on Wednesday . The company traded as high as $96.45 and last traded at $95.99, with a volume of 141819 shares trading hands. The stock had previously closed at $93.41.

Analyst Ratings Changes

SAFRY has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Safran in a report on Friday, October 24th. Zacks Research lowered shares of Safran from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group began coverage on shares of Safran in a report on Friday, September 19th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Safran Stock Up 2.8%

The business has a 50-day moving average of $87.59 and a 200-day moving average of $85.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.66.

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.