Morgan Stanley Reiterates €65.00 Price Target for Renault SA (RNO)
Renault SA (EPA:RNO) has been given a €65.00 ($72.22) target price by stock analysts at Morgan Stanley in a report released on Wednesday. The firm presently has a a “sell” rating on the stock.
Several other analysts also recently weighed in on RNO. BNP Paribas set a €71.00 ($78.89) price target on Renault SA and gave the stock a “neutral” rating in a research note on Monday, July 11th. Goldman Sachs Group Inc. set a €79.00 ($87.78) price target on Renault SA and gave the stock a “neutral” rating in a research note on Friday, August 19th. Societe Generale set a €89.00 ($98.89) price target on Renault SA and gave the stock a “buy” rating in a research note on Friday, July 8th. Nord/LB set a €82.00 ($91.11) price target on Renault SA and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Commerzbank AG set a €95.00 ($105.56) price target on Renault SA and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of €89.07 ($98.97).
Renault SA (EPA:RNO) opened at 76.48 on Wednesday. The firm has a 50-day moving average price of €73.26 and a 200 day moving average price of €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.
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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. 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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