Shares of Safran SA (EPA:SAF) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is €128.80 ($149.77).
A number of brokerages recently issued reports on SAF. Berenberg Bank restated a “buy” rating and set a GBX 220 ($2.87) price target on shares of Barclays in a report on Monday, April 29th. Goldman Sachs Group restated a “buy” rating and set a $70.00 price target on shares of Total in a report on Monday, July 15th. UBS Group began coverage on Chewy in a report on Tuesday, July 9th. They set a “buy” rating and a $42.00 price target on the stock. Credit Suisse Group set a $5.00 price target on Maxar Technologies and gave the company a “sell” rating in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Intel in a report on Tuesday, June 11th.
Shares of SAF traded down €0.05 ($0.06) during trading hours on Wednesday, hitting €133.25 ($154.94). The company had a trading volume of 699,870 shares, compared to its average volume of 1,060,000. The company’s 50 day moving average is €127.11. Safran has a 52-week low of €67.17 ($78.10) and a 52-week 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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