Safran (OTCMKTS:SAFRY) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Safran SA (OTCMKTS:SAFRY - Get Free Report) saw strong trading volume on Friday . 744,606 shares traded hands during mid-day trading, an increase of 150% from the previous session's volume of 298,055 shares.The stock last traded at $81.73 and had previously closed at $80.89.

Analysts Set New Price Targets

SAFRY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Safran in a report on Thursday, May 22nd. Citigroup lowered shares of Safran from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Barclays restated an "overweight" rating on shares of Safran in a report on Wednesday, June 25th. Finally, Kepler Capital Markets upgraded shares of Safran from a "hold" rating to a "strong-buy" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy".

Safran Stock Up 1.2%

The business has a 50-day moving average of $74.71 and a 200-day moving average of $66.60.

Safran Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 23rd. Shareholders 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 of this dividend was Wednesday, May 28th.

Safran Company Profile

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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