Morgan Stanley analyst Javier Martinez Olcoz Cerdan downgraded Renault (0NQF – Research Report) to a Hold today and set a price target of €47.00. The company’s shares closed yesterday at €46.10.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Martinez Olcoz Cerdan is a 3-star analyst with an average return of 1.1% and a 45.24% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Renault with a €54.92 average price target, a 19.13% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a €48.00 price target.
Based on Renault’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €29.27 billion and a GAAP net loss of €541 million. In comparison, last year the company earned a revenue of €25.53 billion and had a net profit of €105 million
Read More on GB:0NQF: