Tuesday, August 4, 2020

Renault: continues its fall after its half-year loss

Must read

Cocaine plane crashes on takeoff

Drug traffickers are said to have been a little too greedy by...

Patriots: two other players will not show up

Two new players from the New England Patriots decided to put an...

This camera films inside a rolling tire!

For his last video,...

(CercleFinance.com) – The title fell -5% this morning after losing -9.2% yesterday. Invest Securities confirms its advice on buying the security but lowers its price target to 26.7 E (against 28 E).

Analysts believe that the stock has crossed a delicate moment (-9.2% yesterday) with the publication of historic losses, group share in the first half of 2020 of -7.2bn, amplified by Nissan whose contribution is -4.8bn .

‘This means that, excluding Nissan, Renault’s net income is close to -2.5 billion euros with an EBITA of -1.2 billion euros and an EBIT of -2 billion euros. The FCF of -6.3bn pushes the financial debt to 5bn ‘indicates Invest Securities.

‘Without quantified guidance for 2020 and while awaiting details of the’ De Meo ‘strategy with, however, a few avenues unveiled on brands, engines and’ footprint ‘, our BNA 2020 / 22e confirms the recovery but are lowered, including the low visibility Q4 2020 and the outlook for the Auto 2021/22 market weaker ‘adds the analysis office.

.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest article

Cocaine plane crashes on takeoff

Drug traffickers are said to have been a little too greedy by...

Patriots: two other players will not show up

Two new players from the New England Patriots decided to put an...

This camera films inside a rolling tire!

For his last video,...