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Renault (0NQF) was downgraded to a Hold Rating at Berenberg Bank

Tipranks - Tipranks - Tue Jan 20, 1:52AM CST

In a report released on January 16, Romain Gourvil from Berenberg Bank downgraded Renault to a Hold, with a price target of €38.00. The company’s shares closed last Friday at €31.83.

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Gourvil covers the Consumer Cyclical sector, focusing on stocks such as Mercedes-Benz Group, Bayerische Motoren Werke Aktiengesellschaft, and Volkswagen. According to TipRanks, Gourvil has an average return of 3.9% and a 53.85% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Renault with a €39.77 average price target, which is a 24.95% upside from current levels. In a report released on January 9, Jefferies also maintained a Hold rating on the stock with a €39.00 price target.

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The company has a one-year high of €53.26 and a one-year low of €30.87. Currently, Renault has an average volume of 1.07M.

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