(Boursier.com) — Renault ends the week down 1.4% to 43 euros, while the automotive group yesterday published a net loss group share of 338 million euros for the 2022 financial year due to its exit from the Russian market, but has announces at the same time an improvement in its operational performance and the return of a dividend. Recall that Renault had returned in 2021 with a profit of 888 million euros, a figure restated for Russian activities, after two years in the red and a historic loss in 2020.
The operating margin thus climbed to 5.6% for the past year, against 2.8% in 2021, and is aiming for at least 6% in 2023. After three financial years without a dividend, the car manufacturer will also offer payment a dividend of 25 euro cents per share.
Analysts continue to adjust their forecasts after these numerical announcements: Invest Securities raised its price target from 54 to 60 euros (‘buy’), Citi raised its target from 39 to 48 euros (‘neutral’), SocGen raised its target from 42 to 49 euros (‘hold’) and Kepler Cheuvreux raised its target from 42 to 46 euros (‘hold’).
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