Safran (OTCMKTS:SAFRY) Reaches New 1-Year High – What’s Next?

Safran SA (OTCMKTS:SAFRY) hit a new 52-week high on Tuesday . The stock traded as high as $76.69 and last traded at $76.42, with a volume of 18970 shares. The stock had previously closed at $75.46.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAFRY. Citigroup cut Safran from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a report on Thursday, May 22nd. Finally, Kepler Capital Markets raised shares of Safran from a “hold” rating to a “strong-buy” rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Safran Stock Performance

The stock has a 50-day moving average of $70.47 and a 200 day moving average of $64.52.

Safran Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, May 29th were paid a $0.6108 dividend. This is a boost from Safran’s previous dividend of $0.59. The ex-dividend date was Wednesday, May 28th. This represents a dividend yield of 0.82%.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.