Renault (OTCMKTS:RNLSY) Now Covered by Berenberg Bank

Berenberg Bank began coverage on shares of Renault (OTCMKTS:RNLSYGet Rating) in a report published on Tuesday morning, The Fly reports. The firm issued a hold rating on the stock.

Several other research analysts have also recently commented on RNLSY. JPMorgan Chase & Co. reduced their target price on Renault from €62.00 ($65.26) to €55.00 ($57.89) and set an overweight rating for the company in a research report on Wednesday, April 6th. DZ Bank raised Renault from a sell rating to a buy rating and set a €47.00 ($49.47) target price for the company in a research report on Monday, February 21st. Stifel Nicolaus raised Renault from a hold rating to a buy rating in a research report on Monday, February 14th. UBS Group reduced their target price on Renault from €49.00 ($51.58) to €40.00 ($42.11) and set a buy rating for the company in a research report on Tuesday, April 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Renault from €40.00 ($42.11) to €35.00 ($36.84) in a research report on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $34.89.

RNLSY opened at $4.86 on Tuesday. Renault has a 1-year low of $4.44 and a 1-year high of $8.91. The business has a 50 day moving average of $4.93 and a 200-day moving average of $6.41.

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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