Renault (RNO) Given a €98.00 Price Target at Citigroup
Renault (EPA:RNO) has been assigned a €98.00 ($116.67) price objective by stock analysts at Citigroup in a research note issued on Monday. The firm presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 10.81% from the company’s previous close.
A number of other analysts have also issued reports on RNO. Kepler Capital Markets set a €120.00 ($142.86) price objective on Renault and gave the company a “buy” rating in a research note on Tuesday, September 19th. Deutsche Bank set a €115.00 ($136.90) price objective on Renault and gave the company a “buy” rating in a research note on Tuesday, October 10th. Barclays set a €101.00 ($120.24) price objective on Renault and gave the company a “buy” rating in a research note on Wednesday, October 25th. UBS Group set a €100.00 ($119.05) price objective on Renault and gave the company a “buy” rating in a research note on Monday, October 9th. Finally, Sanford C. Bernstein set a €90.00 ($107.14) price objective on Renault and gave the company a “neutral” rating in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Renault currently has a consensus rating of “Hold” and an average price target of €93.84 ($111.72).
Shares of Renault (EPA RNO) traded down €0.14 ($0.17) on Monday, hitting €88.44 ($105.29). The company’s stock had a trading volume of 380,766 shares, compared to its average volume of 846,237. The company has a market capitalization of $26,150.00 and a price-to-earnings ratio of 5.63. Renault has a 52-week low of €73.71 ($87.75) and a 52-week high of €91.30 ($108.69).
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Renault SA produces, sells, and distributes vehicles worldwide. It operates through Automotive and Sales Financing segments. The company primarily offers passenger and light commercial vehicles under the Renault, Dacia, and Renault Samsung Motors brands. It also offers used vehicles and spare parts; and various services, including sales financing, rental, maintenance, and service contracts.
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