Renault (OTCMKTS:RNLSY) Price Target Lowered to €40.00 at UBS Group

Renault (OTCMKTS:RNLSYGet Rating) had its target price dropped by research analysts at UBS Group from €49.00 ($52.69) to €40.00 ($43.01) in a report released on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the stock.

Several other analysts have also recently commented on RNLSY. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Renault from €40.00 ($43.01) to €35.00 ($37.63) in a research note on Thursday, March 31st. Stifel Nicolaus upgraded shares of Renault from a “hold” rating to a “buy” rating in a research note on Monday, February 14th. Barclays decreased their price objective on shares of Renault from €33.00 ($35.48) to €25.00 ($26.88) in a research note on Thursday, April 14th. DZ Bank upgraded shares of Renault from a “sell” rating to a “buy” rating and set a €47.00 ($50.54) target price for the company in a research note on Monday, February 21st. Finally, Zacks Investment Research cut shares of Renault from a “hold” rating to a “strong sell” rating in a research note on Friday, February 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.78.

RNLSY stock traded down $0.05 during trading on Tuesday, reaching $4.68. The company had a trading volume of 86,436 shares, compared to its average volume of 96,687. The firm has a 50-day simple moving average of $5.79 and a 200-day simple moving average of $6.73. Renault has a twelve month low of $4.55 and a twelve month high of $8.91.

Renault Company Profile (Get Rating)

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, LADA, Jinbei & Huaasong, and Eveasy, as well as under the Nissan, Datsun, and Infiniti brands.

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