Renault : Anticipation of a technical correction
Entry price | Target | Stop-loss | Potential |
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€34.54 |
€32.45 |
€36.2 |
+6.05% |
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Shares in Renault SA have recently experienced substantial gains. This suggests that the timing is opportune to lock in gains prior to a likely technical correction.
SummaryStrengths● The company shows low valuation levels, with an enterprise value at 0.28 times its sales.
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● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
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Weaknesses● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
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● The company has insufficient levels of profitability.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
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