Renault group, which has been making cars since 1898, is present in 134 countries and has sold 3.9 million vehicles in 2018. To meet the major technological challenges of the future while continuing to pursue their profitable growth strategy, they are focusing on international expansion and drawing on the synergies of their five brands.
Now I will show you the key figures of Renault group from 2018:
“Renault group has increased the sales 3,2% vs 2017 and the net income has decreased down to 3,451 million €.”
“Their net cash position increased 493 million €, up to 3,702 million €”
Now I will share with you the graph of the stock:
As we can see, Renault has touched the minimum of the last 2 years in December 2018 at 51,98€. Since then, the price went up until the 23,60% of Fibonacci, where it went back until 56€, control area.
Last Friday #RNO broke the resistance, average of the last 30 sessions, activating its next target up to 69,05€, average of 200 sessions.
“Renault broke the resistance, average of the last 30 sessions, activating its next target up to 69,05€, average of 200 sessions.”
From my point of view #RNO is really cheap because of two reasons: the net cash position and the 50% that they own in Nissan. Both things together have a higher value than the current market cap of Renault. Considering both things, you buy the whole business of Renault for free, a business with more than 3000 million € in profits per year. If I have to mention the technical analysis, the stock has a good momentum after breaking the resistance price, activating its next target up to the average of the last 200 sessions, 69€.