Renault SA (RNO) Given a €95.00 Price Target by HSBC Analysts
Renault SA (EPA:RNO) has been given a €95.00 ($105.56) target price by HSBC in a note issued to investors on Friday. The brokerage currently has a a “buy” rating on the stock.
A number of other research firms have also recently commented on RNO. Goldman Sachs Group Inc. set a €71.00 ($78.89) price objective on Renault SA and gave the company a “neutral” rating in a report on Monday, June 27th. BNP Paribas set a €86.00 ($95.56) price objective on Renault SA and gave the company a “buy” rating in a report on Monday, June 27th. Kepler Capital Markets set a €110.00 ($122.22) price objective on Renault SA and gave the company a “buy” rating in a report on Monday, July 4th. Barclays PLC set a €82.00 ($91.11) price objective on Renault SA and gave the company a “neutral” rating in a report on Wednesday, July 6th. Finally, Societe Generale set a €89.00 ($98.89) price objective on Renault SA and gave the company a “buy” rating in a report on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of €89.18 ($99.09).
Shares of Renault SA (EPA:RNO) opened at 76.04 on Friday. Renault SA has a 12 month low of €63.64 and a 12 month high of €98.14. The firm’s 50-day moving average price is €73.34 and its 200 day moving average price is €77.50. The company has a market cap of €20.72 billion and a PE ratio of 7.09.
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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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