In a report released today, Philippe Houchois from Jefferies maintained a Hold rating on Renault, with a price target of €39.00. The company’s shares closed yesterday at €35.38.
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According to TipRanks, Houchois is a 5-star analyst with an average return of 16.5% and a 55.22% success rate. Houchois covers the Consumer Cyclical sector, focusing on stocks such as Volkswagen, Stellantis, and Renault.
In addition to Jefferies, Renault also received a Hold from TR | OpenAI – 4o’s Axel Cruzen in a report issued on September 26. However, yesterday, J.P. Morgan maintained a Buy rating on Renault (LSE: 0NQF).
Based on Renault’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €27.64 billion and a GAAP net loss of €11.19 billion. In comparison, last year the company earned a revenue of €26.96 billion and had a net profit of €1.29 billion
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