Safran SA (OTCMKTS:SAFRY – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.24 and traded as low as $86.71. Safran shares last traded at $88.46, with a volume of 220,305 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on SAFRY shares. Citigroup restated a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. BNP Paribas Exane started coverage on shares of Safran in a report on Monday, April 13th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a report on Thursday, April 9th. Wells Fargo & Company upgraded shares of Safran to a “strong-buy” rating in a report on Tuesday, March 31st. Finally, Jefferies Financial Group downgraded shares of Safran from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Safran currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Safran
Safran Stock Up 1.9%
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.
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