Safran (OTCMKTS:SAFRY) Reaches New 1-Year High – Here’s What Happened

Safran SA (OTCMKTS:SAFRY)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $90.53 and last traded at $90.10, with a volume of 94942 shares changing hands. The stock had previously closed at $87.05.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Safran in a research note on Friday, October 24th. Zacks Research lowered Safran from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group assumed coverage on Safran in a research note on Friday, September 19th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Safran Stock Up 3.3%

The company has a 50 day moving average price of $86.87 and a 200 day moving average price of $84.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.66.

Safran Company Profile

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.