Deutsche Bank Reiterates €75.00 Price Target for Renault (EPA:RNO)
Deutsche Bank set a €75.00 ($87.21) price objective on Renault (EPA:RNO) in a report released on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research firms have also commented on RNO. Sanford C. Bernstein set a €90.00 ($104.65) price objective on Renault and gave the stock a neutral rating in a research report on Thursday, June 6th. Credit Suisse Group upped their price objective on Beyond Meat from $70.00 to $125.00 in a research report on Friday, June 7th. UBS Group set a $170.00 price objective on United Rentals and gave the stock a buy rating in a research report on Friday, June 28th. Oddo Bhf set a €7.70 ($8.95) price objective on Encavis and gave the stock a buy rating in a research report on Monday, June 3rd. Finally, Royal Bank of Canada restated an average rating and issued a $48.00 price objective on shares of in a research report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of €70.61 ($82.10).
Renault stock traded down €0.38 ($0.44) during mid-day trading on Monday, hitting €51.52 ($59.91). The company had a trading volume of 833,603 shares, compared to its average volume of 1,290,000. Renault has a 12-month low of €73.71 ($85.71) and a 12-month high of €100.70 ($117.09). The firm’s fifty day moving average is €54.43.
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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