Renault: Société Générale remains confident.
(CercleFinance.com) - With the group presenting its strategy for the American continent from Brazil to investors, analysts at Société Générale (SG) have confirmed their buy rating on the Renault share.
SG is also maintaining its 12-month target price at 97 euros, which belongs to the broker's "premium list".
In SG analysts' opinion, Renault's "Brazilian" event is of particular importance, as its "Drive the Future" strategic plan, presented by management in early October, intends " to substantially grow the share of profitability of International, - i.e. outside the European region - from around 25% in FY16 to more than 50% in FY22,” SG's report says.
Copyright (c) 2017 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.
SG is also maintaining its 12-month target price at 97 euros, which belongs to the broker's "premium list".
In SG analysts' opinion, Renault's "Brazilian" event is of particular importance, as its "Drive the Future" strategic plan, presented by management in early October, intends " to substantially grow the share of profitability of International, - i.e. outside the European region - from around 25% in FY16 to more than 50% in FY22,” SG's report says.
Copyright (c) 2017 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.