Renault: Oddo BHF notes 'very attractive' valuation
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Renault shares, with an unchanged target price of E60.
Following a roadshow organised last week in North America, Oddo BHF reiterates its positive opinion about the carmaker, believing that its valuation has become 'very attractive' again after -13% over 3 months, making it the most undervalued carmaker in the world, with a 2025 P/E of 3.1x.
In the near term, Renault still seems to stand out favourably from other car makers, while in the medium/long term, its strategic orientations should contribute to strengthening its positioning and financial profile, and enable us to envisage an increase in the return to shareholders (dividend), the analyst comments.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Following a roadshow organised last week in North America, Oddo BHF reiterates its positive opinion about the carmaker, believing that its valuation has become 'very attractive' again after -13% over 3 months, making it the most undervalued carmaker in the world, with a 2025 P/E of 3.1x.
In the near term, Renault still seems to stand out favourably from other car makers, while in the medium/long term, its strategic orientations should contribute to strengthening its positioning and financial profile, and enable us to envisage an increase in the return to shareholders (dividend), the analyst comments.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.