Safran SA (SAF) Receives Average Recommendation of “Buy” from Brokerages

Safran SA (EPA:SAF) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is €98.56 ($121.67).

Several research firms recently weighed in on SAF. Kepler Capital Markets set a €95.00 ($117.28) price objective on Safran and gave the company a “buy” rating in a report on Monday, October 30th. Morgan Stanley set a €98.00 ($120.99) price objective on Safran and gave the company a “neutral” rating in a report on Thursday, February 1st. Nord/LB set a €85.00 ($104.94) price objective on Safran and gave the company a “neutral” rating in a report on Wednesday, November 29th. JPMorgan Chase & Co. set a €106.00 ($130.86) price objective on Safran and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Societe Generale set a €103.00 ($127.16) price objective on Safran and gave the company a “buy” rating in a report on Monday, October 30th.

Shares of Safran (EPA:SAF) opened at €84.98 ($104.91) on Wednesday. Safran has a twelve month low of €62.98 ($77.75) and a twelve month high of €92.36 ($114.02). The firm has a market capitalization of $35,440.00 and a price-to-earnings ratio of 13.66.

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About Safran

Safran SA is a France-based high-technology company which produces aircraft and rocket engines and propulsion systems. It divides its work into three segments: Aerospace, Aircraft and Defense. The Aerospace Propulsion division provides engines, turbines and parts for aircraft, and rocket boosters for civil, military and spatial markets.

Analyst Recommendations for Safran (EPA:SAF)

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