Renault (EPA:RNO) received a €69.00 ($80.23) price target from JPMorgan Chase & Co. in a report released on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 22.80% from the stock’s previous close.
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. Royal Bank of Canada set a €71.00 ($82.56) price objective on Renault and gave the company a “buy” rating in a research note on Monday, August 5th. Jefferies Financial Group set a €74.00 ($86.05) price objective on shares of Renault and gave the company a “buy” rating in a report on Tuesday, July 2nd. UBS Group reiterated a “neutral” rating on shares of Renault in a research report on Thursday, August 22nd. Finally, Credit Suisse Group set a €59.00 ($68.60) target price on shares of Renault and gave the stock a “neutral” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. Renault currently has a consensus rating of “Hold” and an average price target of €68.34 ($79.47).
Shares of RNO opened at €56.19 ($65.34) on Tuesday. Renault has a 12-month low of €73.71 ($85.71) and a 12-month high of €100.70 ($117.09). The stock has a 50-day moving average price of €51.08.
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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