Renault SA (EPA:RNO) has been assigned a €77.00 ($90.59) target price by equities research analysts at Morgan Stanley in a report released on Tuesday. The brokerage currently has a “sell” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 12.51% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) set a €93.00 ($109.41) price target on Renault SA and gave the company a “neutral” rating in a research note on Monday, July 31st. UBS AG set a €100.00 ($117.65) price target on Renault SA and gave the company a “buy” rating in a research note on Monday, October 9th. Kepler Capital Markets set a €120.00 ($141.18) target price on Renault SA and gave the stock a “buy” rating in a report on Tuesday, September 19th. Deutsche Bank AG set a €115.00 ($135.29) target price on Renault SA and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Citigroup Inc. set a €98.00 ($115.29) target price on Renault SA and gave the stock a “buy” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of €93.00 ($109.41).
Shares of Renault SA (RNO) opened at €88.01 ($103.54) on Tuesday. Renault SA has a 12 month low of €72.41 ($85.19) and a 12 month high of €91.30 ($107.41).
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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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