Safran's Stock Soars 2.5% and Breaks Through €343.70 Resistance

Safran Breaks Through €343.70 Resistance and Positions High in the CAC 40

Safran's stock gains 2.53% to €345.00 during the session and ranks among the highest risers in the CAC 40, trailing behind ArcelorMittal and Schneider Electric. The stock has broken through the €343.70 resistance during the session and remains above it, after having reached €344.80. This movement extends a spectacular rally: the stock has risen nearly 13% over a month and nearly 24% over three months, driven by a succession of technical breakthroughs.

The RSI at 64 remains below the overheating threshold, leaving room before reaching the overbought zone. The price is now 9.3% above the MM20 (€315.73) and 13.9% above the MM200 (€302.88), illustrating the strength of the momentum established since the mid-June rebound and the break of the €333.5 resistance, already crossed on June 24.

Discussions with Exail and Analysts' Opinions Fuel the Engine Manufacturer's Momentum

In recent news, the group has entered into exclusive discussions with the Gorgé family for the purchase of Exail Technologies at €128.50 per share, announced on June 28. The transaction includes the acquisition of the control block, followed by a mandatory public offer for the remainder of the capital. From the analysts' desks, CIC Market Solutions maintained its buy rating on June 29 with an unchanged target price of €355.00, representing a residual upside potential of about 2.9% relative to the current price.

The stock is set against a favorable Parisian backdrop, with the CAC 40 up 0.52% and the SBF 120 up 0.62%, while the aeronautical sector remains supported by recent industrial announcements from the group, including the joint venture with Theon in drone optronics and the ramp-up of the AASM Hammer. With the price now close to its highs, the next milestone to watch remains the €355 target set by analysts.