Peugeot's attempt to make a bike that counteracted the Japanese onslaught of the 70s/80s. If it's got a maillaird rear hub, it might be worth more. Normal value in OK-ish shape is around $100. If in really nice shape, maybe up to $200. The correct rear hub can add value, as it's a specialty collector's item.
I'd ride one. it's better than a comparable Schwinn from the same era. Sizing of components can be weird because it's French.