JPMorgan Chase & Co. Analysts Give Renault (RNO) a €98.00 Price Target
Renault (EPA:RNO) received a €98.00 ($120.99) price objective from stock analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, January 5th. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 9.07% from the stock’s previous close.
Several other equities research analysts have also issued reports on RNO. Goldman Sachs Group set a €89.00 ($109.88) price objective on Renault and gave the company a “neutral” rating in a research note on Friday, September 8th. UBS Group reissued a “buy” rating and set a price objective on shares of Renault in a research note on Thursday, September 14th. Deutsche Bank reissued a “buy” rating on shares of Renault in a research note on Friday, September 15th. Kepler Capital Markets set a €120.00 ($148.15) price objective on Renault and gave the company a “buy” rating in a research note on Tuesday, September 19th. Finally, Sanford C. Bernstein set a €90.00 ($111.11) price target on Renault and gave the company a “neutral” rating in a research report on Friday, October 6th. 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 company’s stock. The company presently has an average rating of “Hold” and a consensus target price of €95.17 ($117.49).
Shares of Renault (EPA:RNO) traded up €0.21 ($0.26) during trading hours on Friday, hitting €89.85 ($110.93). 358,107 shares of the stock were exchanged, compared to its average volume of 825,796. The stock has a market capitalization of $26,570.00 and a price-to-earnings ratio of 5.72. Renault has a fifty-two week low of €73.71 ($91.00) and a fifty-two week high of €91.97 ($113.54).
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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