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Safran (OTCMKTS:SAFRY) Reaches New 12-Month High - What's Next?

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 Wednesday . The stock traded as high as $81.82 and last traded at $81.68, with a volume of 23930 shares. The stock had previously closed at $81.03.

Analyst Ratings Changes

Several research analysts recently issued reports on SAFRY shares. Barclays reissued an "overweight" rating on shares of Safran in a research note on Wednesday, June 25th. Kepler Capital Markets raised Safran from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 28th. Citigroup cut Safran from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Safran in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Read Our Latest Stock Report on SAFRY

Safran Price Performance

The stock has a 50-day moving average price of $74.98 and a two-hundred day moving average price of $66.79.

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 given a $0.6108 dividend. This is a boost from Safran's previous dividend of $0.59. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a dividend yield of 0.82%.

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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