Citigroup upgraded shares of Safran (OTCMKTS:SAFRY – Free Report) from a neutral rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat reports.
Safran Stock Performance
SAFRY opened at $53.25 on Thursday. Safran has a twelve month low of $36.42 and a twelve month high of $59.30. The firm’s 50-day moving average price is $55.97 and its 200 day moving average price is $52.07.
Safran Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, June 17th. Investors of record on Wednesday, May 29th were given a dividend of $0.592 per share. The ex-dividend date was Wednesday, May 29th. This is a positive change from Safran’s previous dividend of $0.26.
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, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.
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