Citigroup upgraded shares of Safran (OTCMKTS:SAFRY – Free Report) from a neutral rating to a buy rating in a research report report published on Thursday morning, MarketBeat Ratings reports.
Safran Trading Up 1.0 %
OTCMKTS:SAFRY opened at $53.08 on Thursday. Safran has a 1 year low of $36.42 and a 1 year high of $59.30. The stock has a fifty day moving average price of $56.05 and a two-hundred day moving average price of $51.91.
Safran Increases Dividend
The business also recently announced a dividend, which was paid on Monday, June 17th. Shareholders of record on Wednesday, May 29th were issued a $0.592 dividend. The ex-dividend date was Wednesday, May 29th. This is a boost from Safran’s previous dividend of $0.26.
About Safran
Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.
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