Deutsche Bank set a €133.00 ($154.65) price objective on Safran (EPA:SAF) in a research report released on Tuesday. The firm currently has a buy rating on the stock.
SAF has been the subject of a number of other research reports. Credit Suisse Group set a €95.00 ($110.47) price objective on shares of Safran and gave the stock a sell rating in a report on Friday, September 7th. Berenberg Bank set a €140.00 ($162.79) price objective on shares of Safran and gave the stock a buy rating in a report on Friday, September 21st. Goldman Sachs Group set a €136.00 ($158.14) price objective on shares of Safran and gave the stock a buy rating in a report on Wednesday, November 21st. Oddo Bhf set a €135.00 ($156.98) price objective on shares of Safran and gave the stock a buy rating in a report on Friday, November 23rd. Finally, JPMorgan Chase & Co. set a €135.00 ($156.98) price objective on shares of Safran and gave the stock a buy rating in a report on Thursday, November 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Safran currently has a consensus rating of Hold and a consensus target price of €124.09 ($144.29).
Safran has a 1-year low of €67.17 ($78.10) and a 1-year high of €92.36 ($107.40).
A hedge fund recently raised its stake in Safran stock. Tesuji Partners LLC raised its holdings in Safran SA (EPA:SAF) by 285.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 675,000 shares of the company’s stock after purchasing an additional 500,000 shares during the period. Safran accounts for about 5.5% of Tesuji Partners LLC’s holdings, making the stock its 7th biggest position. Tesuji Partners LLC’s holdings in Safran were worth $94,577,000 at the end of the most recent quarter.
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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