Volvo AB (VOLV-B) Receives Average Recommendation of “Hold” from Brokerages

Volvo AB (STO:VOLV-B) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is SEK 164.14.

Several equities research analysts have recently weighed in on VOLV-B shares. set a SEK 180 price target on Volvo and gave the stock a “buy” rating in a report on Thursday, October 19th. Citigroup set a SEK 186 price objective on Volvo and gave the stock a “buy” rating in a report on Friday, September 1st. S&P Global set a SEK 190 price objective on Volvo and gave the stock a “buy” rating in a report on Friday, October 20th. J P Morgan Chase & Co set a SEK 155 price objective on Volvo and gave the stock a “neutral” rating in a report on Thursday, October 26th. Finally, Goldman Sachs Group set a SEK 149 price objective on Volvo and gave the stock a “neutral” rating in a report on Monday, October 23rd.

Shares of Volvo (VOLV-B) opened at SEK 161.70 on Wednesday. Volvo has a fifty-two week low of SEK 96.65 and a fifty-two week high of SEK 171.30.

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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.

Analyst Recommendations for Volvo (STO:VOLV-B)

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