Renault (EPA:RNO) Given a €68.00 Price Target at Morgan Stanley
Morgan Stanley set a €68.00 ($79.07) target price on Renault (EPA:RNO) in a report published on Friday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other analysts have also issued reports about the company. Bank of America set a €58.00 ($67.44) price target on Renault and gave the company a neutral rating in a research note on Friday, August 23rd. Nord/LB set a €50.00 ($58.14) price objective on Renault and gave the stock a sell rating in a research report on Thursday, June 6th. Sanford C. Bernstein set a €55.00 ($63.95) price objective on Renault and gave the stock a neutral rating in a research report on Tuesday, August 27th. Royal Bank of Canada set a €71.00 ($82.56) price objective on Renault and gave the stock a buy rating in a research report on Monday, August 5th. Finally, Oddo Bhf set a €90.00 ($104.65) price objective on Renault and gave the stock a buy rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. Renault currently has a consensus rating of Hold and an average target price of €68.01 ($79.08).
Shares of RNO stock opened at €57.11 ($66.41) on Friday. The company’s 50-day moving average price is €51.61. 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. 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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