JPMorgan Chase & Co. set a €30.00 ($34.88) price objective on Renault (EPA:RNO) in a research report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada set a €22.00 ($25.58) price objective on shares of Renault and gave the company a buy rating in a research note on Monday, March 16th. Jefferies Financial Group set a €28.00 ($32.56) price target on shares of Renault and gave the stock a sell rating in a research note on Wednesday, February 19th. UBS Group set a €36.00 ($41.86) price target on shares of Renault and gave the stock a neutral rating in a research note on Friday, March 6th. Deutsche Bank set a €45.00 ($52.33) price target on shares of Renault and gave the stock a neutral rating in a research note on Monday, February 17th. Finally, Barclays set a €45.00 ($52.33) price target on shares of Renault and gave the stock a neutral rating in a research note on Friday, February 14th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of €42.87 ($49.84).
Shares of RNO opened at €19.37 ($22.52) on Monday. The company’s 50 day simple moving average is €25.85 and its 200 day simple moving average is €40.99. Renault has a 1 year low of €73.71 ($85.71) and a 1 year high of €100.70 ($117.09).
Renault Company Profile
Renault SA designs, manufactures, sells, and distributes vehicles. The company operates through Automotive, Sales Financing, and AVTOVAZ segments. It offers passenger and light commercial, and electric vehicles primarily under the Renault, Dacia, Renault Samsung Motors, Alpine, and LADA, as well as under the Nissan, Datsun, and Infiniti brands.
Further Reading: Price-Sales Ratio
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