Volvo AB Class B (CPH) (VOLV-B) Given Average Recommendation of “Hold” by Brokerages
Volvo AB Class B (CPH) (STO:VOLV-B) has been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is SEK 173.90.
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. set a SEK 190 target price on shares of Volvo AB Class B (CPH) and gave the stock a “buy” rating in a report on Monday, July 30th. UBS Group set a SEK 135 target price on shares of Volvo AB Class B (CPH) and gave the stock a “sell” rating in a report on Tuesday, July 17th. Finally, Citigroup set a SEK 189 target price on shares of Volvo AB Class B (CPH) and gave the stock a “buy” rating in a report on Monday, June 11th.
STO VOLV-B opened at SEK 159.10 on Tuesday. Volvo AB Class B has a 12 month low of SEK 123.40 and a 12 month high of SEK 171.30.
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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