Safran SA (OTCMKTS:SAFRY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Safran SA (OTCMKTS:SAFRY) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

SAFRY has been the subject of several recent research reports. Citigroup reissued a “neutral” rating on shares of Safran in a report on Monday, July 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Safran in a report on Thursday, August 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a research report on Wednesday, July 29th. DZ Bank downgraded Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a research note on Wednesday, July 29th.

Safran Stock Up 0.3%

SAFRY stock opened at $87.83 on Wednesday. The firm’s fifty day simple moving average is $95.11 and its 200-day simple moving average is $92.02. Safran has a 12 month low of $76.86 and a 12 month high of $106.71.

Safran Company Profile

Safran SA is a French aerospace and defense company that develops and manufactures equipment, systems and services for commercial aviation, military aircraft, helicopters and space applications. Its activities include aircraft engines, helicopter engines, landing gear, wheels and carbon brakes, engine nacelles, flight-control systems, avionics, navigation equipment and other aerospace systems.

Safran operates several major joint ventures and partnerships, including CFM International with GE Aerospace, which produces the CFM56 and LEAP commercial aircraft engines.