Safran Shares Drop 2.03% to €280.50: Berenberg Maintains Buy but Trims Target
The share price of the aerospace engine manufacturer fell by 2.03% to €280.50 at midday, in a CAC 40 down by 0.96% at 8,034 points. The movement occurs as Berenberg reaffirms its buy recommendation on the stock, while slightly lowering its target. The session is marked by persistent geopolitical tension in the Middle East and a new surge in Brent crude above $103.
Berenberg continues to recommend buying Safran and has reduced its price target from €360 to €355. At the current price of €280.50, the target offers a theoretical potential of about 26%. The stock is trading at 28 times the expected earnings for the current fiscal year, compared to an average of 18.4 times for the European industrial sector, according to consensus data. This valuation premium is based on an expected earnings per share growth of more than 22% year-over-year. As a reminder, the stock had already rebounded by 4% to €283.20 on May 6 after a difficult period related to the publication of first-quarter results. The next key date on the financial calendar is the 2026 general meeting scheduled for May 21, with first-half results to follow on July 28. Over one year, the stock still shows a gain of 13%.
Below All Moving Averages in a Market Weighed Down by Brent
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
Almost there! Check your inbox.
A confirmation email has been sent. Click the link to confirm your subscription.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
The price has fallen below the 20-day moving average at €288.72 (a gap of -2.85%) and remains distant from the 50-day moving average (€298.93) and the 200-day moving average (€299.67). The RSI at 48 is neutral and does not provide a directional signal. The stock is in the lower part of the Bollinger Bands (39%), above the technical support threshold at €265.20, with a lower boundary at €252.51. The session's context remains unfavorable for European cyclical stocks, with the CAC 40 down nearly 1% and Brent at $103.56 (+2.24%) amid a diplomatic deadlock between Washington and Tehran. Safran is among the significant declines in the Parisian index, ranking 35th out of 40 members. The next key date for the market remains the general meeting on May 21, followed by the semi-annual publication on July 28.
"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.
