Shares of Renault (OTCMKTS:RNLSY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $5.85, but opened at $6.24. Renault shares last traded at $6.22, with a volume of 7,855 shares traded.
Analysts Set New Price Targets
Separately, Barclays lowered shares of Renault from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.
Get Our Latest Report on RNLSY
Renault Trading Up 7.1%
The company has a 50-day moving average price of $6.23 and a 200-day moving average price of $6.62.
About Renault
Renault is a French automotive company that designs, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its principal brands include Renault, Dacia and Alpine, while the company also develops electric vehicles and software-enabled automotive technologies through its Ampere business.
Founded in 1898 by Louis, Marcel and Fernand Renault, the company has played a significant role in the development of France’s automobile industry. Renault has produced vehicles ranging from mass-market passenger cars and commercial vans to performance-oriented Alpine models.
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