Renault: Invest Securities raises target price

(CercleFinance.com) - Invest Securities reinstates its "buy" rating on Renault shares, which remain on its best pick list, and has raised its target price for them from 50 euros to 53 euros, the day after the group published its annual sales figures for 2021.


Renault highlights an end of year that seems very reassuring and even suggests that the recovery of the EBITA margin would have been amplified in the second half of the year, whereas the guidance for H1 was that of a stable EBITA margin of around 2.8%, the analyst underlined.

Before the publication of its FY results, expected on 18 February, analysts say that they are maintaining all their 2021/22/23 estimates for the car manufacturer, with a positive stance.


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