Safran (EPA:SAF) received a €128.00 ($148.84) price target from investment analysts at UBS Group in a research report issued to clients and investors on Thursday, September 5th, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential downside of 10.52% from the company’s current price.
A number of other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. set a €128.00 ($148.84) target price on shares of Safran and gave the company a “neutral” rating in a research report on Thursday, September 5th. Credit Suisse Group set a €100.00 ($116.28) price objective on shares of Safran and gave the company a “sell” rating in a research report on Monday, July 15th. Finally, Goldman Sachs Group set a €143.00 ($166.28) price objective on shares of Safran and gave the company a “neutral” rating in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of €131.00 ($152.33).
Safran stock traded up €1.05 ($1.22) during mid-day trading on Thursday, reaching €143.05 ($166.34). The company’s stock had a trading volume of 267,643 shares, compared to its average volume of 1,060,000. Safran has a 12 month low of €67.17 ($78.10) and a 12 month high of €92.36 ($107.40). The firm’s 50 day simple moving average is €129.79.
Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion, Aircraft Equipment, and Defense. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters, and tactical missiles and drones.
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