Safran (OTCMKTS:SAFRY) Reaches New 52-Week High - Here's Why

Key Points

• Safran SA reached a new 52-week high of $87.75 during trading, reflecting strong investor interest.
• Analysts have mixed ratings for the stock, with two ratings as "Strong Buy," three as "Buy," and two as "Hold," indicating a generally positive outlook.
• The company's business segments include Aerospace Propulsion, Defense, and Aircraft Interiors, focusing on propulsion systems and MRO services for various aviation sectors.

Safran SA (OTCMKTS:SAFRY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $87.75 and last traded at $87.75, with a volume of 3358 shares changing hands. The stock had previously closed at $86.48.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SAFRY. The Goldman Sachs Group started coverage on shares of Safran in a research note on Friday, September 19th. They issued a "buy" rating on the stock. Barclays reissued an "overweight" rating on shares of Safran in a research note on Wednesday, June 25th. Sanford C. Bernstein raised Safran from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Finally, Citigroup cut Safran from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Safran Trading Up 0.8%

The business's fifty day moving average price is $83.67 and its two-hundred day moving average price is $75.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.66.

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.

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