Barclays Raises Renault (OTCMKTS:RNLSY) Price Target to €26.00

Renault (OTCMKTS:RNLSYGet Rating) had its price target boosted by research analysts at Barclays from €25.00 ($26.88) to €26.00 ($27.96) in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other research analysts also recently issued reports on RNLSY. Deutsche Bank Aktiengesellschaft cut their price objective on Renault from €40.00 ($43.01) to €35.00 ($37.63) in a research report on Thursday, March 31st. UBS Group cut their price objective on Renault from €49.00 ($52.69) to €40.00 ($43.01) and set a “buy” rating for the company in a research report on Tuesday, April 19th. Zacks Investment Research downgraded Renault from a “hold” rating to a “sell” rating in a research report on Friday. Credit Suisse Group cut their price objective on Renault from €37.00 ($39.78) to €24.00 ($25.81) and set a “neutral” rating for the company in a research report on Monday, March 28th. Finally, JPMorgan Chase & Co. cut their price objective on Renault from €62.00 ($66.67) to €55.00 ($59.14) and set an “overweight” rating for the company in a research report on Wednesday, April 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.89.

RNLSY stock opened at $4.98 on Tuesday. The firm has a 50 day moving average of $5.48 and a 200-day moving average of $6.65. Renault has a 12-month low of $4.55 and a 12-month high of $8.91.

About Renault (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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