SAFRAN Rating Lowered to Hold at Deutsche Bank (SAFRY)
SAFRAN (NASDAQ:SAFRY) was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a note issued to investors on Friday, AnalystRatingsNetwork.com reports.
Shares of SAFRAN (NASDAQ:SAFRY) traded down 0.03% on Friday, hitting $17.835. 9,343 shares of the company’s stock traded hands. SAFRAN has a 52-week low of $11.0275 and a 52-week high of $18.65. The stock’s 50-day moving average is $17.9 and its 200-day moving average is $16.11. The company has a market cap of $29.705 billion and a price-to-earnings ratio of 15.77.
A number of other analysts have also recently weighed in on SAFRY. Analysts at Natixis downgraded shares of SAFRAN from a “buy” rating to a “neutral” rating in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. upgraded shares of SAFRAN from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 15th. Finally, analysts at RBC Capital upgraded shares of SAFRAN from an “outperform” rating to a “top pick” rating in a research note on Tuesday, November 26th. They now have a $60.00 price target on the stock, up previously from $56.00.
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