Morgan Stanley Analysts Give Renault (RNO) a €88.00 Price Target
Renault (EPA:RNO) received a €88.00 ($104.76) price target from equities researchers at Morgan Stanley in a report issued on Friday. The firm presently has a “sell” rating on the stock. Morgan Stanley’s price target would suggest a potential downside of 1.98% from the stock’s previous close.
A number of other research analysts also recently issued reports on RNO. Deutsche Bank set a €115.00 ($136.90) price target on Renault and gave the company a “buy” rating in a report on Wednesday, October 4th. Sanford C. Bernstein set a €90.00 ($107.14) price target on Renault and gave the company a “neutral” rating in a report on Friday, October 6th. UBS Group set a €100.00 ($119.05) price target on Renault and gave the company a “buy” rating in a report on Monday, October 9th. JPMorgan Chase & Co. set a €91.00 ($108.33) price target on Renault and gave the company a “neutral” rating in a report on Monday, October 9th. Finally, Credit Suisse Group set a €88.00 ($104.76) price target on Renault and gave the company a “sell” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Renault currently has an average rating of “Hold” and an average price target of €95.17 ($113.29).
Renault (EPA RNO) opened at €89.78 ($106.88) on Friday. Renault has a twelve month low of €73.71 ($87.75) and a twelve month high of €91.97 ($109.49). The stock has a market capitalization of $26,550.00 and a PE ratio of 5.72.
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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