ENXTPA:RNOAuto
Is Renault (ENXTPA:RNO) Pricing In Too Much Pessimism After Recent Share Price Weakness?
Wondering whether Renault at €32.43 is offering value or just a value trap? This article will walk you through what the current price might be implying.
Over the short term, the share price has moved by 0.8% over 7 days and 2.5% over 30 days. Yet year to date it is down 10.8% and the 1 year return sits at a 31.5% decline, with a 3 year return of 16.1% decline and a 5 year return of 9.1% decline.
These mixed returns come against a backdrop of ongoing news around the global auto sector,...