Renault (EPA:RNO) has been given a €42.00 ($48.84) price objective by analysts at JPMorgan Chase & Co. in a research note issued on Friday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 21.74% from the company’s current price.
Several other equities research analysts have also recently weighed in on RNO. Jefferies Financial Group set a €38.00 ($44.19) target price on Renault and gave the stock a “sell” rating in a research note on Tuesday, January 21st. Credit Suisse Group set a €59.00 ($68.60) target price on Renault and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Nord/LB set a €45.00 ($52.33) target price on Renault and gave the stock a “sell” rating in a research note on Friday, October 18th. Barclays set a €45.00 ($52.33) target price on Renault and gave the stock a “neutral” rating in a research note on Friday. Finally, Kepler Capital Markets set a €60.00 ($69.77) target price on Renault and gave the stock a “neutral” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of €54.31 ($63.15).
EPA RNO traded down €0.31 ($0.36) on Friday, hitting €34.50 ($40.12). 5,356,936 shares of the company’s stock were exchanged, compared to its average volume of 1,290,000. The stock has a 50-day moving average of €38.68 and a 200-day moving average of €46.47. Renault has a 52 week low of €73.71 ($85.71) and a 52 week 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.
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