Renault (RNO) Given a €88.00 Price Target at Morgan Stanley
Renault (EPA:RNO) received a €88.00 ($102.33) price target from equities research analysts at Morgan Stanley in a report issued on Friday. The firm currently has a “buy” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 7.57% from the stock’s previous close.
Several other analysts also recently issued reports on the company. UBS Group set a €110.00 ($127.91) price target on Renault and gave the company a “buy” rating in a report on Tuesday, July 10th. Credit Suisse Group set a €95.00 ($110.47) price target on Renault and gave the company a “sell” rating in a report on Wednesday, July 18th. Deutsche Bank set a €115.00 ($133.72) price target on Renault and gave the company a “buy” rating in a report on Friday, May 25th. JPMorgan Chase & Co. set a €98.00 ($113.95) price target on Renault and gave the company a “neutral” rating in a report on Monday, July 16th. Finally, Barclays set a €107.00 ($124.42) price target on Renault and gave the company a “buy” rating in a report on Friday, May 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of €96.78 ($112.53).
Shares of Renault opened at €95.21 ($110.71) on Friday, according to Marketbeat.com. Renault has a 12-month low of €73.71 ($85.71) and a 12-month high of €100.70 ($117.09).
Renault SA designs, manufactures, sells, and distributes vehicles worldwide. The company operates through three segments: Automotive, Sales Financing, and AVTOVAZ. It primarily offers passenger and light commercial, and electric vehicles under the Renault, Dacia, Renault Samsung Motors, Alpine, Nissan, Datsun, and LADA brands.
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