Stellantis (STLA) was downgraded to a Hold Rating at Berenberg Bank

In a report released today, Romain Gourvil from Berenberg Bank downgraded Stellantis (STLA – Research Report) to a Hold, with a price target of €29.00. The company’s shares closed yesterday at $29.40.

According to TipRanks, Gourvil is a 2-star analyst with an average return of 0.0% and a 47.76% success rate. Gourvil covers the Consumer Cyclical sector, focusing on stocks such as Autoliv, Continental Aktiengesellschaft, and Stellantis.

In addition to Berenberg Bank, Stellantis also received a Hold from Bernstein’s Daniel Roeska in a report issued on March 20. However, on March 15, Piper Sandler initiated coverage with a Buy rating on Stellantis (NYSE: STLA).

The company has a one-year high of $29.51 and a one-year low of $15.07. Currently, Stellantis has an average volume of 5.37M.

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Stellantis (STLA) Company Description:

Stellantis N.V. is a leading automotive group that designs, manufactures, distributes, and sells vehicles, components, and production systems. It distributes and sells vehicles under Jeep, Alfa Romeo, Chrysler, Abarth, Dodge, Fiat, Citroën, DS, Peugeot, Opel, Ram, and Vauxhall brands.