Shares of Volvo AB (STO:VOLV-B) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is SEK 173.70.
VOLV-B has been the topic of a number of recent research reports. Goldman Sachs Group set a SEK 189 price objective on Volvo and gave the stock a “neutral” rating in a research note on Friday, December 8th. Morgan Stanley set a SEK 120 price objective on Volvo and gave the stock a “sell” rating in a research note on Thursday, January 11th. Societe Generale set a SEK 170 target price on Volvo and gave the company a “neutral” rating in a report on Tuesday, January 9th. JPMorgan Chase & Co. set a SEK 155 target price on Volvo and gave the company a “neutral” rating in a report on Friday, January 5th. Finally, Deutsche Bank set a SEK 200 target price on Volvo and gave the company a “buy” rating in a report on Wednesday, February 21st.
Volvo (STO:VOLV-B) traded up SEK 0.25 during trading hours on Friday, hitting SEK 151.75. 4,744,719 shares of the stock traded hands, compared to its average volume of 5,880,000. Volvo has a 12-month low of SEK 123.40 and a 12-month high of SEK 171.30. The stock has a market capitalization of $322,940.00 and a P/E ratio of 14.70.
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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