Safran SA (OTCMKTS:SAFRY) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Safran SA (OTCMKTS:SAFRY - Get Free Report) have received a consensus rating of "Moderate Buy" from the four research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts have issued reports on SAFRY shares. Citigroup cut shares of Safran from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Barclays reissued an "overweight" rating on shares of Safran in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Safran in a research report on Thursday, May 22nd. Finally, Kepler Capital Markets upgraded Safran from a "hold" rating to a "strong-buy" rating in a report on Monday, April 28th.

Safran Stock Up 1.2%

Shares of SAFRY traded up $0.93 during trading hours on Thursday, hitting $78.07. 22,466 shares of the stock were exchanged, compared to its average volume of 289,649. The stock's 50-day moving average price is $71.12 and its two-hundred day moving average price is $64.69. Safran has a 12-month low of $51.02 and a 12-month high of $78.07.

Safran Increases Dividend

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

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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