Safran SA (OTCMKTS:SAFRY) Receives Average Recommendation of “Moderate Buy” from Analysts

Safran SA (OTCMKTS:SAFRY) has been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

SAFRY has been the topic of several research reports. Citigroup restated a “neutral” rating on shares of Safran in a research report on Tuesday, February 17th. Jefferies Financial Group downgraded Safran from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Wells Fargo & Company upgraded Safran to a “strong-buy” rating in a research report on Tuesday, March 31st. BNP Paribas Exane initiated coverage on Safran in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research report on Thursday, April 9th.

Safran Trading Up 0.1%

OTCMKTS SAFRY opened at $81.97 on Friday. The stock’s 50 day simple moving average is $84.06 and its 200-day simple moving average is $88.30. Safran has a 1-year low of $71.49 and a 1-year high of $106.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93.

Safran Company Profile

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.