Renault (EPA:RNO) has been assigned a €69.00 ($80.23) price target by investment analysts at Bank of America in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price target would indicate a potential upside of 31.20% from the company’s previous close.
Several other research firms have also weighed in on RNO. Barclays set a €80.00 ($93.02) target price on Renault and gave the stock a “neutral” rating in a report on Friday, March 29th. JPMorgan Chase & Co. set a €74.00 ($86.05) target price on Renault and gave the stock a “neutral” rating in a report on Tuesday, March 12th. Deutsche Bank set a €115.00 ($133.72) target price on Renault and gave the stock a “buy” rating in a report on Monday, March 4th. UBS Group set a €58.00 ($67.44) target price on Renault and gave the stock a “neutral” rating in a report on Tuesday, February 19th. Finally, Berenberg Bank set a €62.00 ($72.09) target price on Renault and gave the stock a “neutral” rating in a report on Monday, February 18th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €77.73 ($90.39).
RNO opened at €52.59 ($61.15) on Tuesday. Renault has a twelve month low of €73.71 ($85.71) and a twelve month 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.
See Also: What is the Fibonacci sequence?
Receive News & Ratings for Renault Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renault and related companies with MarketBeat.com's FREE daily email newsletter.