There has been very little movement in Renault's share price. This situation is bound to change. An exit on the upside out of the current trading range should go with a comeback in volatility. Therefore, the timing for new long positions seems good. Investors have an opportunity to buy the stock and target the € 82.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Renault accounts for 5.06 % of our European Portfolio. A trade is currently open since 04/09/2015 with a purchase price of € 83.90. Discover the other 19 stocks of the European portfolio managed by the MarketScreener portfolio management team.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 71.69 EUR in weekly data.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 70.18 support.
The group usually releases upbeat results with huge surprise rates.
The company shows low valuation levels, with an enterprise value at 0.29 times its sales.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
This company will be of major interest to investors in search of a high dividend stock.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
Revenue estimates are regularly revised downwards for the current and coming years.
Below the resistance at 83.88 EUR, the stock shows a negative configuration when looking looking at the weekly chart.