Safran SA (OTCMKTS:SAFRY – Get Rating) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 800 shares, a decline of 60.0% from the March 31st total of 2,000 shares. Based on an average daily trading volume, of 483,200 shares, the short-interest ratio is presently 0.0 days.
SAFRY has been the topic of several recent analyst reports. Barclays upgraded shares of Safran from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 28th. Zacks Investment Research raised shares of Safran from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. Morgan Stanley raised shares of Safran from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 19th. JPMorgan Chase & Co. boosted their price objective on shares of Safran from €137.00 ($147.31) to €140.00 ($150.54) in a report on Monday, March 14th. Finally, Berenberg Bank cut their price objective on shares of Safran from €150.00 ($161.29) to €140.00 ($150.54) and set a “buy” rating for the company in a report on Friday, January 14th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Safran presently has a consensus rating of “Buy” and an average price target of $111.25.
OTCMKTS SAFRY traded down $0.69 during trading on Friday, reaching $26.62. The company’s stock had a trading volume of 363,829 shares, compared to its average volume of 240,024. The firm has a 50 day moving average price of $28.67 and a 200 day moving average price of $30.40. Safran has a 12 month low of $25.15 and a 12 month high of $38.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.78 and a current ratio of 1.04.
Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, and drones.
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