Renault (RNO) Given a €98.00 Price Target at JPMorgan Chase & Co.
Renault (EPA:RNO) has been assigned a €98.00 ($113.95) price objective by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 2.93% from the stock’s previous close.
Several other analysts have also weighed in on RNO. Kepler Capital Markets set a €120.00 ($139.53) price objective on Renault and gave the company a “buy” rating in a research note on Friday, July 27th. Cfra set a €85.00 ($98.84) price objective on Renault and gave the company a “buy” rating in a research note on Monday, July 30th. Deutsche Bank set a €115.00 ($133.72) price objective on Renault and gave the company a “buy” rating in a research note on Monday, July 30th. Societe Generale set a €97.00 ($112.79) price objective on Renault and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, UBS Group set a €105.00 ($122.09) target price on Renault and gave the company a “buy” rating in a research report on Monday, July 30th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of €87.68 ($101.95).
EPA:RNO traded down €0.22 ($0.26) during trading hours on Monday, hitting €95.21 ($110.71). The company’s stock had a trading volume of 909,609 shares, compared to its average volume of 1,290,000. 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 worldwide. The company operates through three segments: Automotive, Sales Financing, and AVTOVAZ. It primarily offers passenger and light commercial, and electric vehicles under the Renault, Dacia, Renault Samsung Motors, Alpine, Nissan, Datsun, and LADA brands.
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