Royal Bank of Canada set a €61.00 ($70.93) price objective on Renault (EPA:RNO) in a research report released on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
RNO has been the subject of several other research reports. Morgan Stanley set a €68.00 ($79.07) target price on shares of Renault and gave the stock a buy rating in a research note on Friday, September 13th. Credit Suisse Group set a €59.00 ($68.60) target price on shares of Renault and gave the stock a neutral rating in a research note on Wednesday, October 23rd. Goldman Sachs Group set a €57.00 ($66.28) target price on shares of Renault and gave the stock a neutral rating in a research note on Thursday, October 24th. DZ Bank reiterated a sell rating on shares of Renault in a research note on Friday, October 25th. Finally, Jefferies Financial Group set a €40.00 ($46.51) target price on shares of Renault and gave the stock a sell rating in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Renault currently has a consensus rating of Hold and an average target price of €62.91 ($73.15).
RNO opened at €46.17 ($53.68) on Friday. The stock has a 50-day simple moving average of €50.37. Renault has a twelve month low of €73.71 ($85.71) and a twelve month 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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