Safran (OTCMKTS:SAFRY) Hits New 1-Year High - What's Next?

Key Points

• Safran SA reached a new 52-week high of $85.79 on Friday, closing at $85.62 with a trading volume of 124,007 shares.
• Recent analyst activity includes Goldman Sachs initiating coverage with a "buy" rating, and Sanford C. Bernstein upgrading their rating from "hold" to "strong-buy."
• Safran operates in the aerospace and defense sectors, providing propulsion systems, aircraft equipment, and maintenance services globally.

Safran SA (OTCMKTS:SAFRY - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $85.79 and last traded at $85.62, with a volume of 124007 shares. The stock had previously closed at $83.97.

Analysts Set New Price Targets

SAFRY has been the subject of a number of recent analyst reports. Barclays reiterated an "overweight" rating on shares of Safran in a research report on Wednesday, June 25th. Citigroup lowered Safran from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Sanford C. Bernstein upgraded shares of Safran from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group started coverage on shares of Safran in a report on Friday. They set a "buy" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy".

Safran Trading Up 1.5%

The business has a 50-day simple moving average of $83.28 and a 200-day simple moving average of $74.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.59 and a current ratio of 0.84.

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.