Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Peugeot SA
  6. News
  7. Summary
    UG   FR0000121501

PEUGEOT SA

(UG)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

S&P cuts Renault bonds to 'junk' and downgrades outlook on PSA

04/09/2020 | 07:25am EDT
Logo of Renault carmaker is pictured at a dealership in Les Sorinieres

Credit rating agency Standard & Poor's (S&P) delivered downgrades on Thursday to France's top car companies Renault and PSA, cutting Renault's bonds to 'junk' status due to the impact of the new coronavirus.

S&P downgraded Renault to 'BB+/B' from 'BBB-/A-3', meaning it had ascribed a "junk bond" status to those Renault corporate bonds.

"French automaker Renault has an ample liquidity cushion and can, in our view, count on guarantees from the French state," S&P wrote in a research note.

"We nevertheless expect Renault's earnings, free cash flow generation (FOCF), and financial position to weaken materially in 2020, following an already challenging 2019," added S&P.

S&P kept a BBB- rating on Peugeot-company PSA, but it cut its outlook on PSA to "negative" from "stable".

Shares in Renault and PSA were both down by around 1% in late session trading.

Data earlier this month showed that French car registrations had dropped by more than 72% in March due to the coronavirus outbreak and lockdown ordered by authorities to fight the epidemic spread.

(Reporting by Sudip Kar-Gupta; Editing by Steve Orlofsky)

By Sudip Kar-Gupta


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
MITSUBISHI MOTORS CORPORATION -0.27% 369 End-of-day quote.70.05%
NISSAN MOTOR CO., LTD. -1.39% 587.2 End-of-day quote.4.86%
PEUGEOT SA -4.21% 21.85 End-of-day quote.-2.32%
RENAULT -1.32% 30.755 Real-time Quote.-12.89%
All news about PEUGEOT SA
02:39aLG Chem Q3 results miss estimates, hit by GM Bolt recall cost
RE
10/24SAMSUNG SDI : Stellantis to Build EV Battery Plant in the US
MT
10/22Canada says proposed U.S. EV tax credit could harm sector, mulls possible challenge
RE
10/22STELLANTIS N : and Samsung SDI to Form Joint Venture for Lithium-Ion Battery Production in..
PU
10/22Exclusive-Italy woos Intel over multibillion-euro chip plant -sources
RE
10/22EUROPEAN MIDDAY BRIEFING : Stocks Rise as Evergrande News Lifts Asia
DJ
10/22STELLANTIS N : Stellantis and Samsung SDI to Form Joint Venture for Lithium-Ion Battery Pr..
PU
10/22STELLANTIS N : Samsung SDI Agree to Form Joint Venture to Produce Lithium-Ion Battery
MT
10/22STELLANTIS N : Samsung SDI to Set Up New Battery Plant in North America
MT
10/22Stellantis powers up electric plans with Samsung SDI U.S. deal
RE
More news
Analyst Recommendations on PEUGEOT SA
More recommendations
Financials
Sales 2021 152 B 177 B 177 B
Net income 2021 10 264 M 11 933 M 11 933 M
Net cash 2021 13 974 M 16 247 M 16 247 M
P/E ratio 2021 5,01x
Yield 2021 5,47%
Capitalization 52 787 M 61 402 M 61 373 M
EV / Sales 2021 0,26x
EV / Sales 2022 0,21x
Nbr of Employees 204 000
Free-Float 64,7%
Chart PEUGEOT SA
Duration : Period :
Peugeot SA Technical Analysis Chart | UG | FR0000121501 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 16,85 €
Average target price 22,83 €
Spread / Average Target 35,5%
EPS Revisions
Managers and Directors
Carlos Tavares Chief Executive Officer & Executive Director
Richard Keith Palmer Chief Financial Officer
John Jacob Philip Elkann Chairman
Harald J. Wester Chief Engineering Officer
Ned Curic Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
PEUGEOT SA-2.32%61 402
BYD COMPANY LIMITED45.37%125 021
STELLANTIS N.V.14.94%61 402
FERRARI N.V.-2.84%41 051
SAIC MOTOR CORPORATION LIMITED-14.24%38 000
MARUTI SUZUKI INDIA LTD-3.15%29 853