Analysts Set Volvo AB (VOLV-B) Target Price at $164.14
Shares of Volvo AB (STO:VOLV-B) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is SEK 164.14.
VOLV-B has been the subject of a number of recent research reports. UBS AG set a SEK 155 price objective on Volvo AB and gave the company a “neutral” rating in a report on Monday, October 23rd. J P Morgan Chase & Co set a SEK 155 price objective on Volvo AB and gave the company a “neutral” rating in a report on Thursday, October 26th. S&P Global set a SEK 190 price objective on Volvo AB and gave the company a “buy” rating in a report on Friday, October 20th. Citigroup Inc. set a SEK 186 price target on Volvo AB and gave the stock a “buy” rating in a report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) set a SEK 149 price target on Volvo AB and gave the stock a “neutral” rating in a report on Monday, July 10th.
Volvo AB (STO:VOLV-B) traded down SEK 0.70 during mid-day trading on Friday, reaching SEK 168. The company’s stock had a trading volume of 1,240,000 shares, compared to its average volume of 5,240,000. Volvo AB has a 52-week low of SEK 89.25 and a 52-week high of SEK 171.30.
About Volvo AB
AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services.
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