Safran (EPA:SAF) Given a €135.00 Price Target by Berenberg Bank Analysts

Berenberg Bank set a €135.00 ($156.98) price objective on Safran (EPA:SAF) in a research report report published on Thursday, March 28th, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently commented on SAF. Bank of America set a €136.00 ($158.14) price target on shares of Safran and gave the stock a buy rating in a research note on Wednesday, February 27th. Deutsche Bank set a €133.00 ($154.65) price objective on shares of Safran and gave the company a buy rating in a research note on Tuesday, December 4th. 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 note on Monday, March 25th. JPMorgan Chase & Co. set a €115.00 ($133.72) price objective on shares of Safran and gave the company a neutral rating in a research note on Thursday, January 10th. Finally, UBS Group set a €125.00 ($145.35) price objective on shares of Safran and gave the company a neutral rating in a research note on Friday, November 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of €125.55 ($145.99).

Safran has a 12 month low of €67.17 ($78.10) and a 12 month high of €92.36 ($107.40).

An institutional investor recently raised its position in Safran stock. Tesuji Partners LLC boosted its position in shares of Safran SA (EPA:SAF) by 285.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 675,000 shares of the company’s stock after buying an additional 500,000 shares during the quarter. Safran makes up about 5.5% of Tesuji Partners LLC’s holdings, making the stock its 7th biggest holding. Tesuji Partners LLC’s holdings in Safran were worth $94,577,000 at the end of the most recent reporting period.

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.

See Also: Return on Equity (ROE)

Analyst Recommendations for Safran (EPA:SAF)

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