Nord/LB cut shares of Renault (OTCMKTS:RNLSY) from a hold rating to a sell rating in a research note published on Thursday, The Fly reports.
Several other analysts have also recently commented on the company. Societe Generale restated a hold rating on shares of Renault in a report on Wednesday, October 7th. Barclays restated an equal weight rating on shares of Renault in a report on Monday, October 26th. Citigroup upgraded Renault from a sell rating to a buy rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. restated an overweight rating on shares of Renault in a report on Monday, November 16th. Finally, Sanford C. Bernstein began coverage on Renault in a report on Tuesday, September 8th. They set an outperform rating for the company. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Renault has a consensus rating of Hold and an average price target of $6.00.
RNLSY opened at $7.24 on Thursday. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of -60.33 and a beta of 1.54. The business has a 50-day moving average of $5.64 and a two-hundred day moving average of $5.20. Renault has a 12 month low of $2.90 and a 12 month high of $9.72.
Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally. The company operates through Automotive, AVTOVAZ, and Sales Financing 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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