Renault SA (RNO) Given a €90.00 Price Target by Macquarie Analysts
Renault SA (EPA:RNO) received a €90.00 ($94.74) target price from research analysts at Macquarie in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock.
A number of other research analysts have also recently weighed in on RNO. Nord/LB set a €82.00 ($86.32) price objective on shares of Renault SA and gave the company a “buy” rating in a report on Friday, August 5th. Jefferies Group set a €65.00 ($68.42) price objective on shares of Renault SA and gave the company a “sell” rating in a report on Tuesday, August 9th. Goldman Sachs Group Inc. set a €79.00 ($83.16) price target on shares of Renault SA and gave the stock a “neutral” rating in a report on Friday, August 19th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Renault SA in a report on Tuesday, September 27th. Finally, BNP Paribas set a €78.00 ($82.11) price target on shares of Renault SA and gave the stock a “neutral” rating in a report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Renault SA presently has a consensus rating of “Hold” and an average target price of €86.92 ($91.49).
Shares of Renault SA (EPA:RNO) opened at 75.77 on Thursday. Renault SA has a 12-month low of €63.64 and a 12-month high of €98.14. The stock has a 50 day moving average of €75.72 and a 200 day moving average of €75.39. The stock has a market capitalization of €20.65 billion and a P/E ratio of 7.06.
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About Renault SA
Renault SA is a France based company primarily engaged in the manufacture of automobiles and the provision of related services. It 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 sales activities, and is comprised of RCI Banque and its subsidiaries.
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