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Goldman Sachs Reaffirms Their Hold Rating on Renault (0NQF)

Tipranks - Tipranks - Fri Jul 3, 1:42AM CDT

Goldman Sachs analyst Christian Frenes maintained a Hold rating on Renault yesterday and set a price target of €28.00. The company’s shares closed yesterday at €26.28.

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According to TipRanks, Frenes is an analyst with an average return of -10.9% and a 28.57% success rate. Frenes covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Bayerische Motoren Werke Aktiengesellschaft, and Stellantis.

Renault has an analyst consensus of Hold, with a price target consensus of €35.31, implying a 34.36% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a €31.00 price target.

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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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