Renault (EPA:RNO) has been assigned a €29.00 ($32.58) price objective by investment analysts at Goldman Sachs Group in a research note issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target indicates a potential upside of 24.60% from the company’s current price.
RNO has been the subject of several other reports. Deutsche Bank set a €25.00 ($28.09) price target on Renault and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Morgan Stanley set a €40.00 ($44.94) price target on Renault and gave the stock a “buy” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. set a €28.00 ($31.46) price target on Renault and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group set a €15.00 ($16.85) price target on Renault and gave the stock a “sell” rating in a research report on Thursday, June 18th. Finally, UBS Group set a €22.00 ($24.72) price objective on Renault and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Renault presently has an average rating of “Hold” and an average target price of €37.00 ($41.57).
Renault stock opened at €23.28 ($26.15) on Tuesday. Renault has a 12 month low of €73.71 ($82.82) and a 12 month high of €100.70 ($113.15). The business has a 50 day simple moving average of €20.89 and a 200-day simple moving average of €26.80.
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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