« Drive the future » : ambitieux mais soutenable - ACHAT - OC 124€ (vs 117€)
Le plan « Drive the Future » est à la fois plus prudent et plus ambitieux que le précédent. Cela ne fait que renforcer notre sentiment suivant lequel les objectifs affichés pour 2022 seront atteints avant cette date comme ce fut le cas pour « Drive the change ». Nos estimations sont maintenues en l’état, avant publication du T3 2017. Elles sont en ligne, sur la période 2017/19, avec les objectifs du plan 2017/22. Notre objectif de cours est relevé à 124€ vs 117€ préc., soulignant à nouveau la forte sous-évaluation de « Renault core » (activités auto + RCI, hors Avtovaz). Opinion ACHAT réitérée. Le titre est maintenu dans note liste Invest Securities de valeurs favorites.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.
Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
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