Renault (EPA:RNO) received a €61.00 ($70.93) price target from Royal Bank of Canada in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 30.50% from the stock’s current price.
Several other brokerages have also weighed in on RNO. Goldman Sachs Group set a €57.00 ($66.28) price objective on Renault and gave the company a “neutral” rating in a report on Thursday, October 24th. Deutsche Bank set a €60.00 ($69.77) target price on Renault and gave the stock a “neutral” rating in a research report on Friday, October 18th. Jefferies Financial Group set a €40.00 ($46.51) target price on Renault and gave the stock a “sell” rating in a research report on Thursday, October 17th. Oddo Bhf set a €90.00 ($104.65) target price on Renault and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Morgan Stanley set a €68.00 ($79.07) target price on Renault and gave the stock a “buy” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €62.91 ($73.15).
Shares of Renault stock traded down €0.70 ($0.81) during trading on Friday, hitting €46.75 ($54.35). The stock had a trading volume of 957,422 shares, compared to its average volume of 1,290,000. The firm’s fifty day simple moving average is €50.76. Renault has a fifty-two week low of €73.71 ($85.71) and a fifty-two week high of €100.70 ($117.09).
Renault Company Profile
Renault SA designs, manufactures, sells, and distributes vehicles. The company operates through Automotive, Sales Financing, and AVTOVAZ segments. It offers passenger and light commercial, and electric vehicles primarily under the Renault, Dacia, Renault Samsung Motors, Alpine, and LADA, as well as under the Nissan, Datsun, and Infiniti brands.
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