Renault (0NQF) Gets a Buy from Bernstein
In a report released today, Stephen Reitman from Bernstein maintained a Buy rating on Renault, with a price target of €43.00.
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Reitman covers the Consumer Cyclical sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Ferrari. According to TipRanks, Reitman has an average return of 0.6% and a 37.25% success rate on recommended stocks.
In addition to Bernstein, Renault also received a Buy from Barclays’s Henning Cosman in a report issued on June 12. However, on June 22, Kepler Capital maintained a Hold rating on Renault (LSE: 0NQF).
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
