Safran (OTCMKTS:SAFRY – Get Rating) was upgraded by equities researchers at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
A number of other brokerages also recently commented on SAFRY. Morgan Stanley raised shares of Safran from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, January 19th. Zacks Investment Research raised Safran from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. Societe Generale raised Safran from a “hold” rating to a “buy” rating in a research report on Monday, February 28th. Barclays raised Safran from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 28th. Finally, JPMorgan Chase & Co. upped their price target on Safran from €137.00 ($144.21) to €140.00 ($147.37) in a research report on Monday, March 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Safran presently has a consensus rating of “Hold” and a consensus target price of $111.25.
Shares of OTCMKTS:SAFRY opened at $26.80 on Tuesday. Safran has a 52 week low of $25.15 and a 52 week high of $38.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.04 and a quick ratio of 0.78. The firm has a 50 day moving average of $28.36 and a 200 day moving average of $30.26.
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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