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Safran (OTCMKTS:SAFRY) Hits New 1-Year High - Time to Buy?

Safran logo with Aerospace background

Safran SA (OTCMKTS:SAFRY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $80.93 and last traded at $80.93, with a volume of 8199 shares trading hands. The stock had previously closed at $80.05.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays restated an "overweight" rating on shares of Safran in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Safran in a report on Thursday, May 22nd. Kepler Capital Markets upgraded shares of Safran from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Citigroup cut Safran from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Check Out Our Latest Analysis on SAFRY

Safran Stock Performance

The company's 50 day moving average price is $71.87 and its 200-day moving average price is $65.18.

Safran Increases Dividend

The business also recently announced a dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, May 29th were given a dividend of $0.6108 per share. This is a positive change from Safran's previous dividend of $0.59. This represents a yield of 0.82%. The ex-dividend date was Wednesday, May 28th.

Safran Company Profile

(Get Free Report)

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.

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