Kepler Capital Keeps Their Hold Rating on Renault (0NQF)

Kepler Capital analyst Thomas Besson maintained a Hold rating on Renault on October 7 and set a price target of €38.00. The company’s shares closed last Tuesday at €36.16.

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According to TipRanks, Besson is a 2-star analyst with an average return of 0.1% and a 55.35% success rate. Besson covers the Consumer Cyclical sector, focusing on stocks such as Renault, Stellantis, and Continental Aktiengesellschaft.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Renault with a €43.18 average price target, implying a 19.41% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Hold rating on the stock with a €44.00 price target.

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