Renault (OTCMKTS:RNLSY) Raised to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Renault (OTCMKTS:RNLSYGet Rating) from a hold rating to a buy rating in a research report released on Monday morning, The Fly reports. Jefferies Financial Group also issued estimates for Renault’s FY2022 earnings at ($0.51) EPS, FY2023 earnings at $2.15 EPS and FY2024 earnings at $2.48 EPS.

Several other brokerages have also weighed in on RNLSY. Morgan Stanley decreased their price objective on Renault from €45.00 ($47.37) to €38.00 ($40.00) and set an overweight rating on the stock in a report on Friday, March 25th. Credit Suisse Group lowered their target price on Renault from €37.00 ($38.95) to €24.00 ($25.26) and set a neutral rating for the company in a research note on Monday, March 28th. DZ Bank raised Renault from a sell rating to a buy rating and set a €47.00 ($49.47) price objective for the company in a research note on Monday, February 21st. Barclays boosted their target price on Renault from €25.00 ($26.32) to €26.00 ($27.37) in a research note on Tuesday, April 26th. Finally, JPMorgan Chase & Co. cut their price target on Renault from €62.00 ($65.26) to €55.00 ($57.89) and set an overweight rating on the stock in a report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $38.13.

RNLSY opened at $5.31 on Monday. The business has a 50-day moving average of $5.09 and a 200-day moving average of $6.02. Renault has a fifty-two week low of $4.44 and a fifty-two week high of $8.47.

About Renault (Get Rating)

Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally. The company operates through Automotive, AVTOVAZ, Sales Financing, and Mobility Services segments. It offers passenger and light commercial, and electric vehicles primarily under the Renault, Dacia, Renault Samsung Motors, Alpine, LADA, Jinbei & Huaasong, and Eveasy, as well as under the Nissan, Datsun, and Infiniti brands.

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