Volvo AB (VOLV-B) Receives Consensus Rating of “Hold” from Analysts
Shares of Volvo AB (STO:VOLV-B) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is SEK 130.80.
Several research firms recently commented on VOLV-B. Goldman Sachs Group, Inc. (The) set a SEK 146 price objective on Volvo AB and gave the company a “neutral” rating in a research note on Monday, May 29th. J P Morgan Chase & Co set a SEK 155 price objective on Volvo AB and gave the company a “neutral” rating in a research note on Thursday, July 20th. UBS AG set a SEK 155 price objective on Volvo AB and gave the company a “neutral” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. set a SEK 180 price objective on Volvo AB and gave the company a “buy” rating in a research note on Monday, May 29th.
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Volvo AB Company Profile
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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