Safran (OTCMKTS:SAFRY) Price Target Cut to €140.00 by Analysts at Berenberg Bank

Safran (OTCMKTS:SAFRY) had its target price lowered by Berenberg Bank from €150.00 ($170.45) to €140.00 ($159.09) in a research report released on Friday morning, The Fly reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. UBS Group restated a buy rating on shares of Safran in a research note on Monday, October 11th. Barclays reduced their target price on Safran from €134.00 ($152.27) to €130.00 ($147.73) and set an equal weight rating for the company in a report on Wednesday, December 8th. JPMorgan Chase & Co. reduced their target price on Safran from €145.00 ($164.77) to €137.00 ($155.68) and set an overweight rating for the company in a report on Tuesday, December 14th. Finally, Zacks Investment Research lowered Safran from a hold rating to a sell rating in a report on Wednesday, October 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $111.50.

Shares of SAFRY stock opened at $32.38 on Friday. Safran has a 1-year low of $27.58 and a 1-year high of $38.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.76 and a current ratio of 1.06. The business has a 50-day moving average of $30.80 and a 200 day moving average of $32.18.

Safran Company Profile

Safran SA engages in the design, manufacture, and sale of aircraft, defense and communication equipment and technologies. It operates through the following business segments: Aerospace Propulsion, Aircraft Equipment, Defense & Aerosystems and Aircraft Interiors. 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, tactical missiles and drones.

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