Safran stock rebounds by nearly 2%, supported by share buyback
The aerospace and defense engine manufacturer benefits from a favorable session in Paris, with the CAC 40 advancing by nearly 1% during the session. This rebound comes after several weeks of pressure, with the stock having declined more than 4% over the past month, remaining below its short-term (MM20) and medium-term (MM50) moving averages, but above its 200-day moving average.
A 1.95% rebound testing mobile resistances still above the price
Safran gains 1.95% during the session, at €329.30, after closing Friday at €323. This rebound takes place in a bullish context for the CAC 40, which is up 0.87%, and places the stock among the strongest gainers in the index. The movement is not yet sufficient to rise above the 20-day (€333.12) and 50-day (€339.18) moving averages, which act as technical ceilings at respectively 1.15% and 2.91% above the current price.
The 200-day MA, on the other hand, remains well below at €315.01, representing a gap of 4.54%, thus offering a solid medium-term floor below the price. The RSI at 40 remains in neutral territory, with no overbought signal or marked selling exhaustion, which leaves the bullish momentum open without confirming it. The support at €321.60, tested during recent September pressure, is not threatened for the time being.
Share buyback program and defense contract underpinning the recovery
Safran benefits from a recent corporate context supporting the stock. The company announced on September 18, 2026 a €375 million share buyback program, which is in addition to €1.3 billion in shares repurchased over twelve months (representing 0.9% of market capitalization). This type of operation mechanically reduces the number of shares in circulation and demonstrates visibility on cash generation.
On the operational front, Safran Electronics & Defense and MBDA were selected by the DGA for the Thundart program, the future long-range ground strike missile intended to replace the Unitaire Lance-Roquettes in the French Army, an announcement published on September 10, 2026. Over the past twelve months, the stock shows a gain of 12.93%, despite increased volatility last summer. The next resistance zone to monitor remains the 20-day MA at €333.12, whose breakthrough would condition a sharper recovery towards the €339 of the 50-day MA.
