Volvo (VOLV-B) Given a SEK 200 Price Target by Deutsche Bank Analysts
Volvo (STO:VOLV-B) has been given a SEK 200 price target by stock analysts at Deutsche Bank in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price points to a potential upside of 25.12% from the stock’s previous close.
Several other brokerages have also commented on VOLV-B. Kepler Capital Markets set a SEK 175 price target on shares of Volvo and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Morgan Stanley set a SEK 125 price target on shares of Volvo and gave the stock a “sell” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. set a SEK 155 price target on shares of Volvo and gave the stock a “neutral” rating in a research note on Friday, January 5th. UBS Group set a SEK 155 price target on shares of Volvo and gave the stock a “neutral” rating in a research note on Tuesday, December 12th. Finally, Societe Generale set a SEK 170 price target on shares of Volvo and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of SEK 173.70.
Shares of Volvo (STO VOLV-B) opened at SEK 159.85 on Wednesday. Volvo has a one year low of SEK 116.60 and a one year high of SEK 171.30. The company has a market cap of $340,350.00 and a price-to-earnings ratio of 15.49.
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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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