Renault: Barclays remains optimistic, but cuts TP

(CercleFinance.com) - Barclays has renewed its 'overweight' recommendation on Renault shares, describing it as the 'sole survivor' in the troubled automotive sector.
However, the broker points out that Renault's shares have not escaped the stockmarket correction in the industry, losing almost 25% over the past three months.

At its current price, the stock has a 2024 P/E of around 4x, with a yield of close to 8%.


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.