Renault: Berenberg still a buyer, raises TP
(CercleFinance.com) - Berenberg announced on Monday that it had raised its target price for Renault shares from E57 to E58 following the "solid" 2024 annual results the carmaker unveiled last week.
The German broker, which maintains its Buy recommendation on the share, says that it continues to see the stock as attractive within the sector due to its lack of exposure - unlike other European carmakers - to customs surcharges, supply problems and China.
The broker also expects its sales momentum to continue this year, due to the full-year availability of the new vehicles launched last year, not to mention the new models to come.
This should support the mix over the coming quarters, and partially mitigate the effect of price normalization and the impact of regulatory cost pressures expected in 2025, it concludes.
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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.
The German broker, which maintains its Buy recommendation on the share, says that it continues to see the stock as attractive within the sector due to its lack of exposure - unlike other European carmakers - to customs surcharges, supply problems and China.
The broker also expects its sales momentum to continue this year, due to the full-year availability of the new vehicles launched last year, not to mention the new models to come.
This should support the mix over the coming quarters, and partially mitigate the effect of price normalization and the impact of regulatory cost pressures expected in 2025, it concludes.
Copyright (c) 2025 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.