Safran (OTCMKTS:SAFRY) Hits New 1-Year High at $59.85

Safran SA (OTCMKTS:SAFRY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $59.85 and last traded at $59.79, with a volume of 65779 shares. The stock had previously closed at $58.65.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAFRY. Citigroup raised Safran from a “neutral” rating to a “buy” rating in a report on Thursday, June 27th. Royal Bank of Canada raised Safran to a “moderate buy” rating in a research report on Wednesday, September 11th.

Safran Price Performance

The company’s 50 day moving average is $54.44 and its two-hundred day moving average is $55.21.

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.