Safran SA (SAF) Receives €117.60 Consensus Price Target from Analysts
Shares of Safran SA (EPA:SAF) have earned an average rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is €116.78 ($135.79).
A number of equities analysts recently weighed in on SAF shares. Credit Suisse Group set a €95.00 ($110.47) price target on Safran and gave the stock a “sell” rating in a report on Friday, September 7th. Berenberg Bank set a €140.00 ($162.79) price target on Safran and gave the stock a “buy” rating in a report on Friday, September 21st. Deutsche Bank set a €136.00 ($158.14) price target on Safran and gave the stock a “buy” rating in a report on Friday, September 7th. UBS Group set a €101.00 ($117.44) price objective on Safran and gave the stock a “neutral” rating in a research note on Friday, July 6th. Finally, JPMorgan Chase & Co. set a €113.00 ($131.40) price objective on Safran and gave the stock a “buy” rating in a research note on Tuesday, July 17th.
EPA SAF traded down €0.30 ($0.35) during trading hours on Monday, reaching €88.30 ($102.67). The company’s stock had a trading volume of 834,145 shares, compared to its average volume of 1,060,000. Safran has a 1-year low of €67.17 ($78.10) and a 1-year high of €92.36 ($107.40).
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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