Safran's Stock Soars Nearly 20% in One Month, Approaching €360
The aerospace engine manufacturer continues its ascent as the Paris Stock Exchange nears closing. The stock is in a sustained upward trend and benefits from a target adjustment by a major British broker.
Barclays Raises Price Target to €370 and Reaffirms Overweight Rating
Safran's stock is up 2.17% at €357.50 during the session, while the CAC 40 is up 0.44% at 8,512 points. Barclays has raised its price target from €330 to €370, while reaffirming its Overweight rating on the aerospace engine manufacturer. The new target offers a potential upside of about 3.5% from the current price, indicating that the stock has already approached the expectations of the research firm after its recent performance. According to the consensus of analysts surveyed, the stock is trading at about 35.4 times the expected earnings for the current fiscal year and 29.1 times those for the next fiscal year. The valuation reflects the growth trajectory of the group, whose CEO Olivier Andriès detailed in early June the ramp-up of the AASM Hammer, with production targeted around 1,400 units in 2026 compared to 200 in 2022.
An RSI of 74 Signals an Overbought Condition After a 19% Gain in One Month
The momentum remains strong: Safran has shown a nearly 19% increase over one month and 21.6% over three months, bringing the annual gain to 33.4%. The price is significantly above its 20-day moving average of €323.65 (a gap of +10.5%) and its 50-day moving average of €300.22 (a gap of +19.1%), a configuration that reflects the intensity of the movement initiated since mid-May. An RSI of 74, however, places the stock in an overbought zone, a configuration signal to monitor after several weeks of almost uninterrupted rise. The next psychological marker is set at the round threshold of €360, just under 1% above the current price.
