UBS Group Reiterates €128.00 Price Target for Safran (EPA:SAF)

UBS Group set a €128.00 ($148.84) price target on Safran (EPA:SAF) in a research note published on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

SAF has been the subject of several other reports. JPMorgan Chase & Co. reissued a buy rating on shares of Intel in a research report on Tuesday, June 11th. Credit Suisse Group set a €100.00 ($116.28) price objective on shares of Safran and gave the company a sell rating in a research report on Friday, May 31st. Berenberg Bank reissued a buy rating and issued a GBX 220 ($2.87) price objective on shares of Barclays in a research report on Monday, April 29th. Goldman Sachs Group reissued a hold rating and issued a $8.40 price objective on shares of Deutsche Bank in a research report on Monday. Finally, Deutsche Bank restated a hold rating on shares of AIB Group in a report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of €128.80 ($149.77).

Safran stock opened at €128.55 ($149.48) on Tuesday. Safran has a 1 year low of €67.17 ($78.10) and a 1 year high of €92.36 ($107.40). The firm has a 50-day moving average of €125.54.

Safran Company Profile

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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