Renault (EPA:RNO – Get Rating) has been assigned a €55.00 ($57.89) price objective by JPMorgan Chase & Co. in a research note issued to investors on Tuesday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price objective points to a potential upside of 144.93% from the company’s current price.
Several other research analysts also recently commented on RNO. Barclays set a €26.00 ($27.37) price target on shares of Renault in a report on Monday, April 25th. The Goldman Sachs Group set a €30.00 ($31.58) price target on shares of Renault in a report on Monday, April 25th. Morgan Stanley set a €38.00 ($40.00) price target on shares of Renault in a report on Friday, March 25th. Jefferies Financial Group set a €22.00 ($23.16) price target on shares of Renault in a report on Friday, April 22nd. Finally, Royal Bank of Canada set a €26.00 ($27.37) price target on shares of Renault in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of €33.93 ($35.72).
RNO traded down €0.72 ($0.76) on Tuesday, hitting €22.46 ($23.64). The company’s stock had a trading volume of 1,281,289 shares, compared to its average volume of 1,290,000. The company’s 50 day simple moving average is €23.16 and its 200-day simple moving average is €29.17. Renault has a 12 month low of €73.71 ($77.59) and a 12 month high of €100.70 ($106.00).
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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