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Citi Reaffirms Their Buy Rating on Renault (0NQF)

Tipranks - Tipranks - Thu Jun 11, 1:32AM CDT

Citi analyst Harald Hendrikse maintained a Buy rating on Renault on June 8. The company’s shares closed yesterday at €26.97.

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According to TipRanks, Hendrikse is a 3-star analyst with an average return of 3.6% and a 47.33% success rate. Hendrikse covers the Consumer Cyclical sector, focusing on stocks such as Stellantis, Ferrari, and Aston Martin Lagonda Global Holdings plc.

In addition to Citi, Renault also received a Buy from J.P. Morgan’s Jose Asumendi in a report issued on June 8. However, on June 2, UBS maintained a Sell rating on Renault (LSE: 0NQF).

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Based on Renault’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €30.28 billion and a net profit of €254 million. In comparison, last year the company earned a revenue of €29.27 billion and had a GAAP net loss of €541 million

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