Safran Unspon (NASDAQ:SAFRY) Upgraded to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Safran Unspon (NASDAQ:SAFRY) from a hold rating to a strong-buy rating in a research note released on Tuesday, July 18th. Zacks Investment Research currently has $28.00 price target 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. “

Safran Unspon (NASDAQ SAFRY) traded down 0.210% during midday trading on Tuesday, reaching $23.725. The company’s stock had a trading volume of 22,970 shares. Safran Unspon has a 1-year low of $16.45 and a 1-year high of $24.16. The firm has a market capitalization of $38.84 billion and a PE ratio of 9.860. The stock’s 50-day moving average price is $23.54 and its 200 day moving average price is $20.53.

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