Renault SA (RNO) Given Average Rating of “Hold” by Brokerages
Renault SA (EPA:RNO) has been assigned an average rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is €93.82 ($110.38).
RNO has been the topic of a number of recent analyst reports. Citigroup Inc. set a €99.00 ($116.47) price target on shares of Renault SA and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Deutsche Bank AG set a €115.00 ($135.29) price objective on shares of Renault SA and gave the company a “buy” rating in a research note on Wednesday. J P Morgan Chase & Co set a €91.00 ($107.06) price objective on shares of Renault SA and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Berenberg Bank set a €76.00 ($89.41) price objective on shares of Renault SA and gave the stock a “neutral” rating in a report on Wednesday, August 30th. Finally, HSBC Holdings plc set a €85.00 ($100.00) price objective on shares of Renault SA and gave the stock a “neutral” rating in a report on Monday, September 4th.
Shares of Renault SA (RNO) opened at 85.25 on Wednesday. Renault SA has a 12-month low of €70.02 and a 12-month high of €90.76. The company has a 50-day moving average price of €78.12 and a 200 day moving average price of €80.83. The firm has a market capitalization of €23.12 billion and a PE ratio of 5.43.
Renault SA Company Profile
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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