Safran Shares Drop 1.51% to €280.10: Berenberg Still Targets €355 for Purchase
The share price of the aerospace engine manufacturer fell by 1.51% to €280.10 in mid-morning trading, within a CAC 40 that dropped 0.58% to 8,009 points. The movement extends the decline from the previous day, amid a resurgence of geopolitical tensions in the Middle East and Brent crude at $106.46. The stock is now trading below its three key moving averages.
Berenberg Reaffirms Buy Rating but Lowers Target to €355
Berenberg updated its opinion on Safran on May 11. The German firm maintains its buy recommendation, while lowering its price target from €360 to €355. At the current price of €280.10, the new target represents an implied potential of about 26.7%. In terms of valuation, the consensus of 19 analysts via yfinance stands at 27.9 times expected earnings for the current fiscal year and 22.9 times for next year, compared to an 'Industrials' sector average of 18.4 times. The expected growth in earnings per share from one year to the next is 22.2%.
Below the Three Moving Averages, Support at €265 Identified
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The stock is below the MM20 (€287.23), MM50 (€297.74), and MM200 (€299.70), with a gap of 6.54% from the latter. The price is situated in the lower part of the Bollinger Bands, at 40% of the range, between the lower boundary at €253.03 and the upper boundary at €321.42. The RSI at 47 remains neutral and the MACD histogram is slightly rising (1.05), indicating a deceleration of the decline that began at the end of April. The identified technical support is at €265.20, approximately 5.3% below the current price. Over the past week, the stock still shows a gain of 5.62%, but has lost 8.13% over three months. The next key date on the calendar is the general assembly in 2026, on May 21.
"2025 a été une année remarquable pour nos activités, portées par un trafic passagers record et une dynamique soutenue dans la défense."
Safran publie des résultats annuels 2025 solides: chiffre d'affaires consolidé de 31,189 milliards d'euros (+12,5 % YoY), résultat opérationnel courant consolidé de 4,787 milliards d'euros (+14,4 %), EBITDA de 6,318 milliards d'euros, cash-flow libre de 3,921 milliards d'euros; perspectives 2026: CA attendu en hausse de 12-15 %, COI entre 6,1 et 6,2 milliards d'euros et FCF entre 4,4 et 4,6 milliards d'euros, ambi tions 2028 relevées.
Risks mentioned
Capacités de production de la chaîne d’approvisionnement
Opportunities identified
Croissance soutenue des activités d’après-vente et défense
Livraisons et contenu des services liés au LEAP et à l’aéronautique civile
Dynamique du trafic aérien favorable et extension des commandes dans la défense
Outlook / guidance
Expected revenue: Le chiffre d'affaires 2026 est attendu entre 12 % et 15 % de hausse par rapport à l'année 2025.
Expected EBITDA: EBITDA 2026 attendu entre 6,1 et 6,2 milliards d'euros.
Management commentary: Pour 2026, Safran prévoit une croissance du chiffre d'affaires entre 12 % et 15 %, un résultat opérationnel courant entre 6,1 et 6,2 milliards d'euros et un flux de trésorerie libre entre 4,4 et 4,6 milliards d'euros, sous réserve de l'exécution des livraisons et du calendrier de paiement des États clients.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
