Shares in Renault show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed. Investors have an opportunity to buy the stock and target the € 99.7.
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.
Historically, the company has been releasing figures that are above expectations.
The stock, which is currently worth 2017 to 0.42 times its sales, is clearly overvalued in comparison with peers.
Its low valuation, with P/E ratio at 6.29 and 5.94 for the ongoing fiscal year and 2018 respectively, makes the stock pretty attractive with regard to earnings multiples.
This company will be of major interest to investors in search of a high dividend stock.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
The stock is in a well-established, long-term rising trend above the technical support level at 78.25 EUR
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
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