Safran SA (OTCMKTS:SAFRY) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Safran SA (OTCMKTS:SAFRY) have been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company.

A number of research firms have recently commented on SAFRY. Zacks Research downgraded Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Citigroup restated a “neutral” rating on shares of Safran in a report on Tuesday, February 17th.

Safran Stock Up 2.2%

SAFRY stock opened at $83.83 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93. The business has a fifty day simple moving average of $91.30 and a 200-day simple moving average of $89.02. Safran has a 52 week low of $54.57 and a 52 week high of $106.71.

About Safran

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.