Shares of Safran SA (OTCMKTS:SAFRY – Get Free Report) crossed above its 200-day moving average during trading on Friday after Citigroup upgraded the stock to a hold rating. The stock has a 200-day moving average of $90.53 and traded as high as $103.66. Safran shares last traded at $103.03, with a volume of 98,078 shares trading hands.
Other research analysts also recently issued research reports about the stock. Jefferies Financial Group downgraded shares of Safran from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a research report on Thursday, April 9th. Wells Fargo & Company raised Safran to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, BNP Paribas Exane initiated coverage on shares of Safran in a report on Monday, April 13th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
View Our Latest Report on Safran
Safran Stock Up 0.9%
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.
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