SAFRAN (EPA:SAF) Rating Change

Societe Generale has upgraded Safran (EPA:SAF) stock to Buy in analysts note revealed to clients on Friday, 29 July, and has set a 12 month PT at EUR 73.00. This target is 20.01 % from SAF’s last price.

Despite the firm’s rating upgrade EPA:SAF is currently trading -5.37% lower at EUR 60.80 as of 22:03 Frankfurt time. SAFRAN shares have declined -11.54% over the past 200 days, while the S&P500 has surged 7.56% in the same time.

EPA:SAF Price Chart & Trend

The stock price of SAFRAN has decreased 11.54% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, SAFRAN is up 2.7% and up 4.06%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

SAFRAN (EPA:SAF) Profile

Safran SA is a France-based high-technology company which produces aircraft and rocket engines and propulsion systems. It divides its work into three segments: Aerospace, Aircraft, Defense and Security. The Aerospace Propulsion division provides engines, turbines and parts for aircraft, and rocket boosters for civil, military and spatial markets.

SAFRAN (EPA:SAF) traded down -5.37% on 29 July, hitting EUR 60.8. A total of 2.26M shares of the company’s stock traded hands. This is up from average of 1.17M shares. SAFRAN has a 52 week low of EUR 48.87 and a 52 week high of EUR 72.45. The company has a market cap of 25.36B EUR and a P/E ratio of 0.

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The post Societe Generale Kept EUR 73.00 Target for SAFRAN (EPA:SAF) But Upgraded It’s Rating to Buy appeared first on Octafinance.