Safran SA (OTCMKTS:SAFRY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Safran SA (OTCMKTS:SAFRY) has received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

A number of brokerages have commented on SAFRY. Citigroup downgraded shares of Safran from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 10th. Kepler Capital Markets upgraded shares of Safran from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 28th. Barclays restated an “overweight” rating on shares of Safran in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research note on Thursday, May 22nd.

Safran Price Performance

Safran stock opened at $80.05 on Thursday. Safran has a 1-year low of $51.02 and a 1-year high of $80.13. The company’s 50-day moving average is $71.87 and its 200 day moving average is $65.10.

Safran Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, May 29th were paid a dividend of $0.6108 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This is an increase from Safran’s previous dividend of $0.59. This represents a dividend yield of 0.82%.

About Safran

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, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.