Volvo (STO:VOLV-B) Given a SEK 143 Price Target by Royal Bank of Canada Analysts
Volvo (STO:VOLV-B) has been assigned a SEK 143 price target by investment analysts at Royal Bank of Canada in a report released on Wednesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 0.53% from the stock’s current price.
A number of other equities analysts also recently issued reports on the company. HSBC reiterated a “buy” rating on shares of LVMH Moet Hennessy Louis Vuitton in a report on Tuesday, March 26th. Kepler Capital Markets set a €27.00 ($31.40) price objective on Jungheinrich and gave the stock a “neutral” rating in a report on Thursday, April 25th. Bank of America set a €155.00 ($180.23) price objective on Continental and gave the stock a “buy” rating in a report on Tuesday, May 14th. Jefferies Financial Group set a €110.00 ($127.91) price objective on Airbus and gave the stock a “buy” rating in a report on Friday, June 14th. Finally, UBS Group increased their price objective on W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of SEK 160.82.
VOLV-B opened at SEK 142.25 on Wednesday. The business has a fifty day moving average price of SEK 143.60. Volvo 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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