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

Volvo AB (STO:VOLV-B) has been given a consensus recommendation of “Hold” by the nine analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is SEK 173.78.

Several brokerages recently commented on VOLV-B. UBS Group set a SEK 135 target price on shares of Volvo and gave the stock a “sell” rating in a research note on Friday, July 6th. JPMorgan Chase & Co. set a SEK 190 target price on shares of Volvo and gave the stock a “buy” rating in a research note on Monday, September 17th. Finally, Morgan Stanley set a SEK 130 target price on shares of Volvo and gave the stock a “sell” rating in a research note on Wednesday.

Shares of STO VOLV-B opened at SEK 136.85 on Friday. Volvo has a 52 week low of SEK 123.40 and a 52 week high of SEK 171.30.

Volvo 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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Analyst Recommendations for Volvo (STO:VOLV-B)

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