Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
  • TickerRNO
  • ISINFR0000131906
  • ExchangeEuronext Paris
  • SectorAutomobiles & Parts
  • CountryFrance

Analysts

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/11/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Manuel Martin, CEFA,CREA
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/06/2019

...

François Maury ...
  • Georges Dieng

ODDO : Italian car market: still on an uptrend on an undemanding base

>An increase of 6.7% in October, i.e. -0.9% YTD - Passenger car registrations rose by 6.7% in October to 157k units, i.e. a decline of 0.9% YTD to 1,625k units. For October and over 10M 2019, the figures are based on a constant number of trading days.By carmaker, VW and Renault were up sharply (+34.2% and +19.1% respectively) whilst PSA, FCA and Nissan were down (-1.4%, -1.9% and -5.3% respectively).For 2019, we expect a decline of around 1.0%, amid int...

François Maury ...
  • Georges Dieng

ODDO : Top 5 car market in Europe: increase extended in October

>+6.4% in October, i.e. -0.5% YTD - Car registrations for the Top 5 Europe (> 70% of EU+EFTA volumes) were up 6.4% in October (on an October 2018 base down -5.3%) and are almost stable YTD (-0.5%). All markets were up: Germany (+12.7%), France (+8.7%), Italy (+6.7%) and Spain (+6.3%) with the exception of the UK (-6.7%). For 2019, we forecast an increase in the German market (+2.0%) and French market (+0.5%) and declines in Italy (-1.0%), UK (-4.0%) and Spa...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 28/10/2019 - Eurofins - EN

TP ICAP - Europe - Morning CreditUpdate 28/10/2019 - Eurofins - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 28/10/2019 - Eurofins - FR

Eurofins (Achat) - T3-19 : Revenus de €1,2md (+22,3%, +6,4% en organique) HSBC (Achat) : Abaisse ses perspectives de revenus pour 2019, l’objectif d’un ROTE >11% en 2020 ne sera pas atteint AXA (Achat) : Cède ses activités bancaires en Belgique à Crelan Banque pour €620m Cemex (Achat) - 9M-19 : EBITDA de $1,9 md (-11%, -9% en organique) Aroundtown  (Conserver) et TLG Immobilien (Achat) : Accord sur les conditions d’une fusion Suedzucker (Vente) : Rehausse son objectif de résultat opérationnel pour l’exercice 2019-2020 Verizon (Achat) - 9M...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 25/10/2019 - Bharti Airtel

Bharti Airtel (Vente vs Conserver) : Décision défavorable de la cour suprême indienne RBS (Vente) - T3-19 : Perte nette de -£315m, provision de £900m liée au PPI Michelin (Achat) - 9M-19 :CA de €17,9mds (+10,4%), objectifs 2019 confirmés Renault (Conserver versus Achat) -T3-19 : CA de €11,3 mds (-1,6%, -1,4% en organique) AB Inbev (Achat) : Une croissance faible attendue de l’EBITDA sur l’exercice 2019 compte tenu des difficultés rencontrées au T3-19 International Game Technology (Achat) : Remporte l'appel d’offre pour gérer la loterie brésilienne ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 18/10/2019 - Teleperformance - EN

Morning CreditUpdate 18/10/2019 - Teleperformance - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 18/10/2019 - Teleperformance - FR

Teleperformance (Achat) : Relève ses objectifs pour 2022 Morgan Stanley (Conserver) - 9M-19 : RN de $6,4 mds (-6%) Lufthansa pourrait reprendre une participation dans Alitalia Teva (Conserver) : Accord en vue dans le cadre du litige sur les opioïdes Netflix (Achat) - 9M-19 : Résultat opérationnel de $2,1 mds (+54,4%) Renault (Achat) : Abaisse ses objectifs de croissance pour l’année 2019 Thalès - T3-19 : Ventes de €4,2 mds (+23,4%, +0,9% en organique) Volvo (Achat) - 9M-19 : Résultat opérationnel de SEK40,1mds (€3,7mds, +30,0%)

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/11/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Manuel Martin, CEFA,CREA
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/06/2019

...

François Maury ...
  • Georges Dieng

ODDO : Italian car market: still on an uptrend on an undemanding base

>An increase of 6.7% in October, i.e. -0.9% YTD - Passenger car registrations rose by 6.7% in October to 157k units, i.e. a decline of 0.9% YTD to 1,625k units. For October and over 10M 2019, the figures are based on a constant number of trading days.By carmaker, VW and Renault were up sharply (+34.2% and +19.1% respectively) whilst PSA, FCA and Nissan were down (-1.4%, -1.9% and -5.3% respectively).For 2019, we expect a decline of around 1.0%, amid int...

François Maury ...
  • Georges Dieng

ODDO : Top 5 car market in Europe: increase extended in October

>+6.4% in October, i.e. -0.5% YTD - Car registrations for the Top 5 Europe (> 70% of EU+EFTA volumes) were up 6.4% in October (on an October 2018 base down -5.3%) and are almost stable YTD (-0.5%). All markets were up: Germany (+12.7%), France (+8.7%), Italy (+6.7%) and Spain (+6.3%) with the exception of the UK (-6.7%). For 2019, we forecast an increase in the German market (+2.0%) and French market (+0.5%) and declines in Italy (-1.0%), UK (-4.0%) and Spa...

François Maury ...
  • Georges Dieng

ODDO : Marché VP italien : toujours en hausse sur une base faible

>Hausse de 6.7% en octobre soit -0.9% YTD - Les immatriculations VP ont progressé de 6.7% en octobre à 157 k-unités et sont en baisse de 0.9% YTD à 1 625 k-unités. Sur octobre et sur 10 mois, les chiffres sont à nombre de jours ouvrés comparable.Par constructeur, VW et Renault ressortent en forte hausse (+34.2% et +19.1% respectivement) alors que PSA, FCA et Nissan sont en baisse (-1.4%, -1.9% et -5.3% respectivement).Pour 2019, nous tablons sur une bai...

1 director bought

A director at Renault bought 1,700 shares at 59.526EUR and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Charles Lepetitpas
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Matthias Desmarais
  • Nicolas David
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/14/2019

...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Charles Lepetitpas
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Matthias Desmarais
  • Nicolas David
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/10/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Corby
  • Salma Bouraoui
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/29/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Corby
  • Salma Bouraoui
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/07/2019

...

Jean-Louis Sempé

INVEST SECURITIES - RENAULT (ACHAT, OC 90€ vs 94€) : Un S1 19 à oublier, guidances de CA 2019 abaissées

An increasingly favourable environment allows RENAULT SA to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of RENAULT SA (FR), a company active in the Automobiles industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date September 24, 2019, the closing price was EUR 54.46 and its expected value was estimated at EUR 53.64.

Ng Adrian

Renault SA

Ng Adrian

Renault SA

Ng Adrian

Renault SA

Ng Adrian

Renault SA

Renault : Update on Renault participating shares

...

Renault : Update sur les Titres Participatifs Renault

...

MarketLine Department

Groupe PSA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Groupe PSA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Groupe PSA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights T...

MarketLine Department

Fiat Chrysler Automobiles NV - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Fiat Chrysler Automobiles NV Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Fiat Chrysler Automobiles NV since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its compe...

MarketLine Department

General Motors Company - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's General Motors Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by General Motors Company since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...

MarketLine Department

Mitsubishi Motors Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Mitsubishi Motors Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Mitsubishi Motors Corporation since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its co...

PSA Autos: Carlos Ghosn Arrested – Concern Over Future of Alliance. Implications for Nissan Motors (7201 JT) and Mitsubishi Motors (7211 JT)

Summary With the arrest of Carlos Ghosn, Julie Boote discusses the future of Renault's alliance with Nissan Motors (7201 JT) and Mitsubishi Motors (7211 JT)

Expert Corporate Governance Service (ECGS)

Renault - AGM and EGM 12 June 2019

Accusations of japanese justice against Carlos Ghosn Governance crisis management by Renault Evolution of the board of directors of Renault  

Florian Béchaz

Renault - Assemblée générale des actionnaires du 12 juin 2019

Les accusations de la justice japonaise envers Carlos Ghosn Liste non-exhaustive des manquements rapportes par la presse Gestion de la crise par Renault Evolution de l’alliance Renault-Nissan Evolution du conseil d’administration de Renault

Renault – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Charles Pinel

Proxy Report - 15/06/2018

Carlos Ghosn fait partie des nombreux Président-Directeurs généraux du CAC 40 dont le renouvellement est demandé cette année. Le maintien du cumul des fonctions de Président du Conseil et de Directeur Général n'est clairement pas une pratique souhaitable de gouvernance et les contre-pouvoirs mis en place semblent insuffisants, d'autant que Carlos Ghosn cumule par ailleurs de nombreuses fonctions au sein du groupe qui le rendent incontournables (PDG de Renault, Président du conseil de Nissan Motor après en avoir été PDG jusqu'en avril 2017, Président du conseil de Mitsubishi, Président du direc...

Charles Pinel

Etude de l'AG du 15/06/2017

Après le rejet de la résolution sur la rémunération de Carlos Ghosn lors de l'AG 2016, la rémunération attribuée au titre de 2016 de 7M€, soit 15,4M€ en incluant sa dernière rémunération chez Nissan, est tout simplement le témoignage d'une nouvelle défaillance du conseil d'administration, incapable d'écouter sérieusement ses actionnaires, incapable de prendre en compte qu'il perçoit déjà des émoluments chez Nissan, incapable d'aligner la politique de rémunération sur les pratiques standards du CAC 40, incapable de fixer des objectifs exigeants pour le calcul du bonus. Proxinvest recommande don...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to cyclicals Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We recommend taking advantage of recent weakness -- where applicable -- by adding exposure to cyclical Sectors. • Actionable Sectors: Consumer Discretionary and Manufacturing. Today's recommendations focus on autos, auto parts, and machinery which span the Discretionary and Manufacturing Sectors. We initially recommended adding exposure to autos and auto parts in our 3/14/19 Int'l Compass, and we view the recent mild pullb...

Matthieu DRIOL

Short term view - RENAULT SA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €63.55. The background trend would be questioned should prices rise above €78.96.

Matthieu DRIOL

Analyse court terme - RENAULT SA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 63,55 €. La tendance de fond serait remise en cause en cas de franchissement de 78,96 €.

Matthieu DRIOL

Short term view - RENAULT SA : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €63.55, then €58.51. Passing €78.96 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - RENAULT SA : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 63,55 €, puis 58,51 €. Le franchissement de 78,96 € remettrait en cause la suite de la baisse.

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