Safran (OTCMKTS:SAFRY) Sets New 12-Month Low at $23.77

Safran SA (OTCMKTS:SAFRYGet Rating) shares reached a new 52-week low during trading on Thursday . The company traded as low as $23.77 and last traded at $24.06, with a volume of 3316322 shares trading hands. The stock had previously closed at $24.50.

SAFRY has been the topic of a number of research analyst reports. Societe Generale upgraded Safran from a “hold” rating to a “buy” rating in a research note on Monday, February 28th. Barclays upgraded shares of Safran from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 28th. Jefferies Financial Group upgraded shares of Safran from an “underperform” rating to a “hold” rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. upped their price target on shares of Safran from €137.00 ($144.21) to €140.00 ($147.37) in a research report on Monday, March 14th. Finally, Berenberg Bank reduced their price target on Safran from €150.00 ($157.89) to €140.00 ($147.37) and set a “buy” rating for the company in a research report on Friday, January 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from, the company presently has a consensus rating of “Hold” and an average target price of $111.25.

The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $27.80 and its two-hundred day simple moving average is $29.97.

Safran Company Profile (OTCMKTS:SAFRY)

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, and drones.

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