Safran (OTCMKTS:SAFRY) Hits New 1-Year High – Still a Buy?

Safran SA (OTCMKTS:SAFRY) reached a new 52-week high during trading on Thursday . The company traded as high as $103.55 and last traded at $100.73, with a volume of 391624 shares traded. The stock had previously closed at $99.44.

Analysts Set New Price Targets

A number of equities analysts have commented on SAFRY shares. Jefferies Financial Group reiterated a “buy” rating on shares of Safran in a report on Friday, October 24th. Zacks Research downgraded Safran from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Safran in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Safran presently has a consensus rating of “Buy”.

Safran Stock Performance

The stock’s 50-day moving average price is $90.98 and its 200-day moving average price is $87.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.66.

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.