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Renault (OTCMKTS:RNLSY) Hits New 12-Month Low - What's Next?

Renault logo with Auto/Tires/Trucks background

Key Points

  • Renault's stock has reached a new 52-week low of $7.64 amid a recent trading session, reflecting a decline of 3.2%.
  • Analysts have mixed opinions, with Deutsche Bank maintaining a "hold" rating, while HSBC has upgraded Renault to a "strong-buy" status.
  • The company recently announced a dividend cut, paying shareholders $0.3309 per share, which represents a yield of 3.11%.
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Renault (OTCMKTS:RNLSY - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $7.64 and last traded at $7.64, with a volume of 3570 shares trading hands. The stock had previously closed at $7.76.

Analysts Set New Price Targets

Several research firms have recently weighed in on RNLSY. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Renault in a research report on Friday, April 25th. Hsbc Global Res raised Renault to a "strong-buy" rating in a research report on Thursday, July 17th.

Get Our Latest Research Report on Renault

Renault Price Performance

The firm has a 50-day moving average of $9.17 and a 200 day moving average of $9.92.

Renault Company Profile

(Get Free Report)

Renault SA engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas. It also engages in the design and production of parts and equipment used for manufacturing and operation vehicles. The company operates through Automotive, Sale Financing, and Mobility Services segments.

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