Safran (OTCMKTS:SAFRY) Shares Gap Up – Time to Buy?

Shares of Safran SA (OTCMKTS:SAFRY) gapped up prior to trading on Wednesday . The stock had previously closed at $98.87, but opened at $102.20. Safran shares last traded at $103.05, with a volume of 7,957 shares traded.

Wall Street Analyst Weigh In

SAFRY has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Safran in a research report on Wednesday, July 29th. Citigroup restated a “neutral” rating on shares of Safran in a research note on Monday, July 13th. DZ Bank cut Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Safran in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Safran currently has a consensus rating of “Moderate Buy”.

Safran Stock Up 2.5%

The stock has a 50-day moving average price of $98.11 and a 200-day moving average price of $91.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68.

Safran Company Profile

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.