UBS Group set a SEK 122 target price on Volvo (STO:VOLV-B) in a report released on Thursday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other brokerages have also recently commented on VOLV-B. JPMorgan Chase & Co. reiterated a buy rating on shares of SS&C Technologies in a research report on Monday, July 1st. Deutsche Bank decreased their target price on shares of Xilinx from $125.00 to $120.00 and set a hold rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada reiterated a hold rating and issued a $136.00 target price on shares of Continental in a research report on Wednesday. Goldman Sachs Group cut shares of EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research report on Wednesday, July 10th. Finally, HSBC reiterated a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a research report on Tuesday, March 26th. Three analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Volvo presently has an average rating of Hold and an average target price of SEK 160.82.
Volvo stock opened at SEK 150.10 on Thursday. The firm’s fifty day moving average is SEK 143.90. Volvo has a fifty-two week low of SEK 123.40 and a fifty-two week 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.
Read More: How is diluted EPS different from basic EPS?
Receive News & Ratings for Volvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volvo and related companies with MarketBeat.com's FREE daily email newsletter.