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Barclays Keeps Their Buy Rating on Renault (0NQF)

Tipranks - Tipranks - Sat Jun 13, 3:08AM CDT

In a report released today, Henning Cosman from Barclays maintained a Buy rating on Renault, with a price target of €31.50.

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According to TipRanks, Cosman is an analyst with an average return of -5.3% and a 41.73% success rate. Cosman covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Stellantis, and Bayerische Motoren Werke Aktiengesellschaft.

In addition to Barclays, 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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