Renault (OTCMKTS:RNLSY) Downgraded by Citigroup to “Neutral”

Citigroup downgraded shares of Renault (OTCMKTS:RNLSYGet Rating) from a buy rating to a neutral rating in a research report report published on Monday, The Fly reports.

A number of other research firms also recently commented on RNLSY. Oddo Bhf raised shares of Renault from a neutral rating to an outperform rating and set a $5.70 target price for the company in a research report on Friday, October 7th. Berenberg Bank boosted their price objective on shares of Renault from €34.00 ($36.56) to €36.00 ($38.71) and gave the company a buy rating in a research report on Monday, October 24th. Finally, Barclays boosted their price objective on shares of Renault from €28.00 ($30.11) to €32.00 ($34.41) and gave the company an underweight rating in a research report on Tuesday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Renault presently has a consensus rating of Moderate Buy and an average price target of $34.41.

Renault Stock Down 1.3 %

OTCMKTS:RNLSY opened at $7.56 on Monday. Renault has a 12 month low of $4.44 and a 12 month high of $8.47. The company has a 50 day simple moving average of $6.82 and a two-hundred day simple moving average of $6.07.

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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