Credit Suisse Group set a €84.00 ($94.38) target price on Safran (EPA:SAF) in a report issued on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research firms also recently commented on SAF. JPMorgan Chase & Co. set a €70.00 ($78.65) price target on shares of Safran and gave the stock a neutral rating in a research note on Monday, July 27th. UBS Group set a €91.00 ($102.25) target price on shares of Safran and gave the stock a neutral rating in a report on Monday, July 13th. Barclays set a €70.00 ($78.65) target price on shares of Safran and gave the stock a neutral rating in a report on Thursday, April 30th. Berenberg Bank set a €80.00 ($89.89) target price on shares of Safran and gave the stock a neutral rating in a report on Monday, May 4th. Finally, Goldman Sachs Group set a €103.00 ($115.73) target price on shares of Safran and gave the stock a buy rating in a report on Thursday. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Safran currently has a consensus rating of Hold and an average target price of €86.82 ($97.55).
SAF stock opened at €89.44 ($100.49) on Thursday. Safran has a one year low of €67.17 ($75.47) and a one year high of €92.36 ($103.78). The company’s 50 day moving average price is €92.04 and its two-hundred day moving average price is €101.37.
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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