UBS Group set a €54.00 ($62.79) price target on Renault (EPA:RNO) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also recently commented on the company. Morgan Stanley set a €68.00 ($79.07) price objective on Renault and gave the stock a buy rating in a research note on Friday, September 13th. Royal Bank of Canada set a €71.00 ($82.56) price objective on Renault and gave the stock a buy rating in a research note on Monday, August 5th. Sanford C. Bernstein set a €55.00 ($63.95) price objective on Renault and gave the stock a neutral rating in a research note on Tuesday, August 27th. Deutsche Bank set a €75.00 ($87.21) price objective on Renault and gave the stock a buy rating in a research note on Tuesday, July 30th. Finally, Jefferies Financial Group set a €74.00 ($86.05) price objective on Renault and gave the stock a buy rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of €67.72 ($78.75).
Shares of RNO opened at €53.40 ($62.09) on Tuesday. The stock’s 50-day moving average is €52.78. 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.
Further Reading: Dividend Reinvestment Plan (DRIP)
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