Volvo AB (VOLV-B) Given Average Rating of “Hold” by Brokerages

Shares of Volvo AB (STO:VOLV-B) have earned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is SEK 132.

A number of brokerages recently weighed in on VOLV-B. Goldman Sachs Group, Inc. (The) set a SEK 149 target price on shares of Volvo AB and gave the company a “neutral” rating in a research note on Monday, July 17th. Citigroup Inc. set a SEK 186 price target on shares of Volvo AB and gave the company a “buy” rating in a research report on Friday, September 1st. UBS AG set a SEK 155 target price on shares of Volvo AB and gave the stock a “neutral” rating in a report on Thursday, July 27th. Finally, J P Morgan Chase & Co set a SEK 155 target price on shares of Volvo AB and gave the stock a “neutral” rating in a report on Thursday, July 20th.

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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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