Renault’s (RNLSY) “Underweight” Rating Reaffirmed at Barclays

Barclays reiterated their underweight rating on shares of Renault (OTCMKTS:RNLSY) in a report published on Tuesday, The Fly reports.

A number of other brokerages have also issued reports on RNLSY. Morgan Stanley lowered shares of Renault from an overweight rating to an equal weight rating in a research note on Wednesday, February 10th. Exane BNP Paribas lowered Renault from an outperform rating to a neutral rating in a research note on Monday, April 12th. BNP Paribas downgraded Renault from an outperform rating to a neutral rating in a report on Monday, April 12th. The Goldman Sachs Group lowered Renault from a buy rating to a neutral rating in a research report on Thursday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Renault in a research note on Monday, March 8th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $9.50.

Shares of RNLSY opened at $8.28 on Tuesday. The company’s fifty day simple moving average is $8.96 and its 200-day simple moving average is $8.05. The company has a market cap of $12.24 billion, a P/E ratio of -69.00 and a beta of 1.97. Renault has a twelve month low of $3.37 and a twelve month high of $9.84.

About Renault

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, and LADA, as well as under the Nissan, Datsun, and Infiniti brands.

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Analyst Recommendations for Renault (OTCMKTS:RNLSY)

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