Safran (EPA:SAF) has been assigned a €115.00 ($133.72) price target by research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 7.37% from the company’s current price.
SAF has been the subject of a number of other reports. Deutsche Bank set a €130.00 ($151.16) price target on Safran and gave the company a “buy” rating in a research note on Monday, April 8th. Berenberg Bank set a €150.00 ($174.42) price target on Safran and gave the company a “buy” rating in a research note on Monday, April 29th. UBS Group set a €121.50 ($141.28) price target on Safran and gave the company a “neutral” rating in a research note on Wednesday, February 27th. Goldman Sachs Group set a €137.00 ($159.30) price target on Safran and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Credit Suisse Group set a €100.00 ($116.28) target price on Safran and gave the stock a “sell” rating in a research report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of €127.55 ($148.31).
Shares of SAF opened at €124.15 ($144.36) on Tuesday. Safran has a 52 week low of €67.17 ($78.10) and a 52 week 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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