Safran (EPA:SAF) has been assigned a €150.00 ($174.42) price objective by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, January 9th, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 6.91% from the stock’s previous close.
A number of other research firms have also weighed in on SAF. Credit Suisse Group set a €162.00 ($188.37) price target on shares of Safran and gave the company a “buy” rating in a research report on Wednesday, November 6th. Kepler Capital Markets set a €155.00 ($180.23) target price on Safran and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group set a €120.00 ($139.53) price target on Safran and gave the stock a “sell” rating in a report on Monday, October 14th. UBS Group set a €150.00 ($174.42) price objective on Safran and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Nord/LB reaffirmed a “buy” rating on shares of Safran in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of €149.45 ($173.78).
EPA SAF opened at €140.30 ($163.14) on Thursday. Safran has a 12 month low of €67.17 ($78.10) and a 12 month high of €92.36 ($107.40). The business has a fifty day simple moving average of €142.48 and a 200 day simple moving average of €137.74.
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.
Further Reading: Cash Flow
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