Zacks Investment Research upgraded shares of Safran Unspon (NASDAQ:SAFRY) from a hold rating to a buy rating in a research report released on Friday. The brokerage currently has $20.00 price objective on the stock.
According to Zacks, “Safran SA is a high-technology group with three core businesses: aerospace, defence and security. Its aerospace business develops, produces and markets engines and propulsion systems for civil and military airplanes and helicopters, ballistic missiles, launch vehicles and satellites. It also provides systems and equipment for civil and military airplanes and helicopters. The Company’s defence business offers armed forces a range of optronic, navigation and optical systems and equipment for use in the air, on land and at sea. Its security business offers state-of-the-art solutions to meet the evolving security requirements of individuals, businesses and governments, based on multibiometric technologies, smart cards and secure identification and travel documents. Safran SA is headquartered in Paris, France. “
Shares of Safran Unspon (NASDAQ:SAFRY) traded down 0.94% during trading on Friday, reaching $16.83. 5,854 shares of the company traded hands. The firm’s 50-day moving average is $17.66 and its 200-day moving average is $17.45. Safran Unspon has a 12-month low of $13.87 and a 12-month high of $18.59. The stock has a market capitalization of $28.04 billion and a PE ratio of 16.72.
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