SAFRAN/ADR (OTCMKTS:SAFRY) Upgraded by Nord/LB to Buy
Nord/LB upgraded shares of SAFRAN/ADR (OTCMKTS:SAFRY) from a hold rating to a buy rating in a research report released on Wednesday, The Fly reports.
Other analysts have also issued research reports about the company. Credit Suisse Group raised SAFRAN/ADR from a neutral rating to an outperform rating in a report on Wednesday. JPMorgan Chase & Co. raised SAFRAN/ADR from a neutral rating to an overweight rating in a report on Thursday, September 5th. Zacks Investment Research lowered SAFRAN/ADR from a buy rating to a hold rating in a report on Thursday, October 17th. Finally, ValuEngine lowered SAFRAN/ADR from a hold rating to a sell rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold.
OTCMKTS SAFRY traded down $0.01 on Wednesday, reaching $40.10. The stock had a trading volume of 50,996 shares, compared to its average volume of 73,465. The stock has a market cap of $68.76 billion, a P/E ratio of 29.93 and a beta of 0.88. SAFRAN/ADR has a 12-month low of $28.47 and a 12-month high of $40.61. The business’s 50-day moving average price is $39.03 and its 200 day moving average price is $36.64.
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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