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

Volvo AB (STO:VOLV-B) has been given an average rating of “Hold” by the six research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is SEK 153.

VOLV-B has been the topic of a number of recent research reports. Citigroup Inc. set a SEK 186 price objective on Volvo AB and gave the stock a “buy” rating in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) set a SEK 149 price objective on Volvo AB and gave the stock a “neutral” rating in a research report on Monday, July 10th. J P Morgan Chase & Co set a SEK 155 price objective on Volvo AB and gave the stock a “neutral” rating in a research report on Thursday, July 20th. UBS AG set a SEK 155 price objective on Volvo AB and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Finally, Morgan Stanley set a SEK 120 price objective on Volvo AB and gave the stock a “sell” rating in a research report on Monday.

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Volvo AB 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.

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

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