| Over a week ago | ||||
Societe Generale analyst… Societe Generale analyst Stephen Reitman lowered the firm's price target on Renault to EUR 38 from EUR 40 and keeps a Hold rating on the shares. | ||||
Barclays analyst Erwann… Barclays analyst Erwann Dagorne lowered the firm's price target on Renault to EUR 32 from EUR 35 and keeps an Underweight rating on the shares. | ||||
Exane BNP Paribas analyst… Exane BNP Paribas analyst Stuart Pearson downgraded Renault to Neutral from Outperform with a EUR 44 price target. | ||||
| Over a month ago | ||||
Jefferies analyst… Jefferies analyst Philippe Houchois raised the firm's price target on Renault (RNLSY) to EUR 41 from EUR 38 and keeps a Hold rating on the shares. The analyst sees opportunity for car manufacturers to re-rate higher in an electric vehicle transition. While "bellwether stocks" GM (GM) and Volkswagen (VWAGY) have re-rated well above their historic multiples, driven by sum-of-the-parts valuations, their EV strategies, or both, most other traditional automakers' shares are still pricing in "punishingly high capital costs" and their risks seem "mispriced," Houchois tells investors in an autos sector update. | ||||
Renault S.A (RNLSY)… Renault S.A (RNLSY) announces that it intends to sell its entire stake in Daimler A.G (DDAIF) of 16,448,378 shares, representing 1.54% of the share capital of Daimler, through a placement to qualified investors by way of an accelerated bookbuilding process. "The proceeds of this sale will allow the Renault Group to accelerate the financial deleveraging of its Automotive activity. The industrial partnership between the Renault Group and Daimler remains unchanged and is not impacted by this financial transaction. The offering will start immediately following this announcement. Renault will announce the results of the offering at the end of the bookbuilding process. Settlement for the offering should take place on March 16, 2021 at the latest," Renault said. | ||||
Deutsche Bank analyst Tim… Deutsche Bank analyst Tim Rokossa raised the firm's price target on Renault to EUR 40 from EUR 25 and keeps a Hold rating on the shares. | |
JPMorgan analyst Jose… JPMorgan analyst Jose Asumendi raised the firm's price target on Renault to EUR 69 from EUR 67 and keeps an Overweight rating on the shares. | |
UBS analyst Patrick… UBS analyst Patrick Hummel upgraded Renault to Buy from Neutral with a price target of EUR 54, up from EUR 22. | |
DZ Bank analyst Matthias… DZ Bank analyst Matthias Volkert double downgraded Renault to Sell from Buy with a EUR 31 price target. | |
Societe Generale analyst… Societe Generale analyst Stephen Reitman raised the firm's price target on Renault to EUR 40 from EUR 39 and keeps a Hold rating on the shares. |