Renault SA (RNO) Given a €65.00 Price Target at Morgan Stanley
Renault SA (EPA:RNO) has been assigned a €65.00 ($72.22) price target by investment analysts at Morgan Stanley in a report released on Wednesday. The brokerage currently has a a “sell” rating on the stock.
A number of other research analysts have also recently commented on the stock. BNP Paribas set a €78.00 ($86.67) price target on shares of Renault SA and gave the stock a “neutral” rating in a report on Tuesday, October 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Renault SA in a report on Tuesday, September 27th. Goldman Sachs Group Inc. set a €79.00 ($87.78) price target on shares of Renault SA and gave the stock a “neutral” rating in a report on Friday, August 19th. Jefferies Group set a €65.00 ($72.22) price target on shares of Renault SA and gave the stock a “sell” rating in a report on Tuesday, August 9th. Finally, Nord/LB set a €82.00 ($91.11) price target on shares of Renault SA and gave the stock a “buy” rating in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of €89.07 ($98.97).
Renault SA (EPA:RNO) opened at 76.47 on Wednesday. The stock’s 50 day moving average is €73.26 and its 200-day moving average is €77.59. The company has a market capitalization of €20.84 billion and a P/E ratio of 7.13. Renault SA has a 52-week low of €63.64 and a 52-week high of €98.14.
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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