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NISSAN MOTOR CO LTD

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Nissan Motor : PSA upgraded to "neutral" vs "sell" by Citigroup

03/06/2018 | 02:09am EDT
FILE PHOTO: Flags with the Opel logo are seen at the Opel headquarters in Ruesselsheim

PARIS (Reuters) - Citigroup analysts have upgraded their rating on French carmaker PSA to "neutral" from "sell", arguing that the outlook over PSA's Opel brand was not as bad as initially feared.

"Outlook for Opel much improved vs our fears: We upgrade PSA stock to 'Neutral' from 'Sell' as our thesis around a slow and costly turnaround at Opel/Vauxhall (OV) appears to be wrong," Citigroup wrote in a research note.

Last week, PSA said buoyant sales of new models had helped it shrug off losses at its newly acquired Opel arm, lifting its overall 2017 revenue, profit and operating margin to new records.

Rebounding from a 2012 brush with bankruptcy, PSA is pursuing an ambitious turnaround under Chief Executive Carlos Tavares, former second-in-command to Renault boss Carlos Ghosn. The group is also racing to bring the Opel lineup into compliance with EU carbon emissions targets.

PSA shares are up by around 13 percent so far in 2018, beating a 1.4 percent decline on the STOXX Europe 600 Autos & Auto Parts index.

(Reporting by Sudip Kar-Gupta and Blandine Henault; Editing by Mathieu Rosemain)

Stocks treated in this article : Peugeot, Renault, Nissan Motor Co Ltd

© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
NISSAN MOTOR CO LTD 2.88% 496.9 Delayed Quote.-10.60%
OVH GROUPE -0.08% 18.78 Real-time Quote.-26.06%
PEUGEOT SA -4.21% 21.85 End-of-day quote.-2.32%
RENAULT 0.25% 24.175 Real-time Quote.-20.85%
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Analyst Recommendations on NISSAN MOTOR CO LTD
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Financials
Sales 2022 8 673 B 67 830 M 67 830 M
Net income 2022 221 B 1 732 M 1 732 M
Net Debt 2022 5 298 B 41 433 M 41 433 M
P/E ratio 2022 8,81x
Yield 2022 0,69%
Capitalization 1 945 B 15 213 M 15 213 M
EV / Sales 2022 0,84x
EV / Sales 2023 0,74x
Nbr of Employees 131 461
Free-Float 45,7%
Chart NISSAN MOTOR CO LTD
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Nissan Motor Co Ltd Technical Analysis Chart | 7201 | JP3672400003 | MarketScreener
Technical analysis trends NISSAN MOTOR CO LTD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 496,90 JPY
Average target price 685,88 JPY
Spread / Average Target 38,0%
EPS Revisions
Managers and Directors
Makoto Uchida Executive President & Chief Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Yasushi Kimura Chairman
Anthony Thomas Chief Information Officer
Ashwani Gupta COO & Representative Executive Officer
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