Accueil > Actualité
Actualite financiere : Actualite bourse

Renault: Oddo confirms rating after 2017 sales

(CercleFinance.com) - Global sales fell 3.
3% in December to 364,200 vehicles, below Oddo's expectations (384,000 vehicles). In 2017, global sales increased by 8.5% (against +2.3% for the world market) to 3,762,000 vehicles, with passenger cars up 9.1% and LCV up 4.1%.

Following this publication, Oddo has confirmed its buy rating on the stock, maintaining its target price of 115 euros.

After this publication, we are maintaining our estimates almost unchanged (operating profit at 3,626 million euros, against 3,617 million euros previously - the consensus seems to be between 3,600 million euros and 3,650 million euros, with the group's net income, group share at 4,239 million euros, against 4,236 million euros previously, Oddo mentioned in its daily report.

Renault is relatively confident about 2018, with a +2.5% increase in the global market, including +1% in Europe (including +1% in France), +5% in Brazil, +10% in Russia, +5% in China and +6% in India.


Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.