Renault SA (EPA:RNO) Receives Average Rating of “Buy” from Brokerages
Shares of Renault SA (EPA:RNO) have earned a consensus recommendation of “Buy” from the twenty brokerages that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is €88.97 ($98.85).
Several research analysts have weighed in on the company. Morgan Stanley reissued a “sell” rating on shares of Renault SA in a research report on Friday, June 10th. Barclays PLC set a €108.00 ($120.00) price objective on Renault SA and gave the stock a “buy” rating in a research report on Tuesday, June 14th. Goldman Sachs Group Inc. set a €71.00 ($78.89) price objective on Renault SA and gave the stock a “neutral” rating in a research report on Monday, June 27th. BNP Paribas set a €86.00 ($95.56) price objective on Renault SA and gave the stock a “buy” rating in a research report on Monday, June 27th. Finally, Kepler Capital Markets set a €110.00 ($122.22) price objective on Renault SA and gave the stock a “buy” rating in a research report on Monday, July 4th.
Renault SA (EPA:RNO) traded up 1.91% during mid-day trading on Wednesday, hitting €72.60. The stock had a trading volume of 830,649 shares. The company’s 50 day moving average is €73.40 and its 200-day moving average is €78.31. Renault SA has a 52 week low of €62.77 and a 52 week high of €98.14. The stock has a market capitalization of €19.78 billion and a P/E ratio of 6.77.
About Renault SA
Renault SA is a France-based company primarily engaged in the manufacture of automobiles and the provision of related services. The Company is structured into two segments: the Automobile division, which handles the design, manufacture and marketing of passenger cars and light commercial vehicles, under Renault, Renault Samsung Motors and Dacia brands, and the Sales Financing division, which provides financial and commercial services related to the Company’s sales activities, and is comprised of RCI Banque and its subsidiaries.
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