Safran (OTCMKTS:SAFRY) Shares Gap Up – What’s Next?
by Scott Moore · The Cerbat GemSafran SA (OTCMKTS:SAFRY – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $79.56, but opened at $86.83. Safran shares last traded at $87.2760, with a volume of 18,134 shares traded.
Analyst Ratings Changes
A number of equities analysts have weighed in on SAFRY shares. Wells Fargo & Company upgraded Safran to a “strong-buy” rating in a research note on Tuesday, March 31st. Jefferies Financial Group cut Safran from a “buy” rating to a “hold” rating in a report on Monday, April 20th. BNP Paribas Exane began coverage on Safran in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a report on Thursday, April 9th. Finally, Citigroup restated a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Safran currently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on Safran
Safran Stock Performance
The business has a fifty day moving average of $87.73 and a 200 day moving average of $88.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68.
About Safran
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.