Kepler Capital Believes Peugeot (Other OTC: PUGOY) Still Has Room to Grow

By Austin Angelo

In a report issued on June 4, Michael Raab from Kepler Capital maintained a Buy rating on Peugeot (PUGOYResearch Report), with a price target of EUR20.00. The company’s shares closed last Wednesday at $27.10, close to its 52-week high of $28.28.

According to TipRanks.com, Raab is a 2-star analyst with an average return of 0.6% and a 56.4% success rate. Raab covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Bayerische Motoren Werke Aktiengesellschaft, and Porsche Automobil Holding.

Currently, the analyst consensus on Peugeot is a Moderate Buy with an average price target of $33.57, representing a 23.3% upside. In a report issued on June 22, Redburn Partners also upgraded the stock to Buy.

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The company has a one-year high of $28.28 and a one-year low of $9.62. Currently, Peugeot has an average volume of 5,504.

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Peugeot SA is a holding company, which manufactures automobiles and light commercial vehicles. It produces motorbikes, scooters, hydraulic engines, vehicle components, and provides after sales service. The Peugeot operates through the following business segments: Peugeot Citroen DS Automotive, Opel Vauxhall Automotive, Automotive Equipment, and Finance. The Peugeot Citroen DS Automotive Segment engages in the designing, manufacturing, and selling of cars and light commercial vehicles under the Peugeot and Citroen brands. The Opel Vauxhall Automotive segment engages in covering the design, manufacture, and sale of passenger cars and light commercial vehicles under the Opel and Vauxhall brands. The Automotive Equipment segment comprises of interior systems, automotive seating, automotive exteriors, and emissions control technologies. The Finance segment provides retail and wholesale financing to Peugeot and Citroen customers and dealers. Peugeot was founded in 1896 and is headquartered in Rueil-Malmaison, France.