Safran (SAF) Given a €100.00 Price Target at Credit Suisse Group

Credit Suisse Group set a €100.00 ($116.28) target price on Safran (EPA:SAF) in a research report sent to investors on Thursday, April 11th, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

A number of other equities analysts have also weighed in on the stock. UBS Group set a €121.50 ($141.28) price target on shares of Safran and gave the company a neutral rating in a report on Wednesday, April 10th. Deutsche Bank set a €130.00 ($151.16) price target on shares of Safran and gave the company a buy rating in a report on Monday, April 8th. Berenberg Bank set a €135.00 ($156.98) target price on shares of Safran and gave the company a buy rating in a research note on Thursday, March 28th. Goldman Sachs Group set a €137.00 ($159.30) target price on shares of Safran and gave the company a buy rating in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. set a €110.00 ($127.91) target price on shares of Safran and gave the company a neutral rating in a research note on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of €127.55 ($148.31).

Safran has a 1-year low of €67.17 ($78.10) and a 1-year high of €92.36 ($107.40).

An institutional investor recently raised its position in Safran stock. Tesuji Partners LLC raised its stake in Safran SA (EPA:SAF) by 285.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 675,000 shares of the company’s stock after purchasing an additional 500,000 shares during the period. Safran accounts for approximately 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.

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, 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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