Safran (EPA:SAF) has been given a €143.00 ($166.28) target price by equities research analysts at Goldman Sachs 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. Goldman Sachs Group’s price objective indicates a potential downside of 0.03% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. 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. UBS Group set a €128.00 ($148.84) price objective on shares of Safran and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. set a €128.00 ($148.84) price objective on shares of Safran and gave the company a “neutral” rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target 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. The firm’s 50 day simple moving average is €129.79. Safran has a 12 month low of €67.17 ($78.10) and a 12 month high of €92.36 ($107.40).
Safran Company Profile
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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