Volvo (STO:VOLV-B) has been given a SEK 170 target price by equities research analysts at Societe Generale in a research report issued to clients and investors on Tuesday. The firm presently has a “neutral” rating on the stock. Societe Generale’s price target points to a potential upside of 6.42% from the stock’s previous close.
Other analysts have also recently issued reports about the company. set a SEK 180 price objective on Volvo and gave the company a “buy” rating in a research report on Thursday, October 19th. S&P Global set a SEK 190 price objective on Volvo and gave the company a “buy” rating in a research report on Friday, October 20th. Citigroup set a SEK 200 price objective on Volvo and gave the company a “buy” rating in a research report on Monday, October 23rd. UBS Group set a SEK 155 price objective on Volvo and gave the company a “neutral” rating in a research report on Tuesday, September 12th. Finally, JPMorgan Chase & Co. set a SEK 155 price objective on Volvo and gave the company a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of SEK 169.88.
Shares of Volvo (STO:VOLV-B) opened at SEK 159.75 on Tuesday. The stock has a market capitalization of $338,210.00 and a P/E ratio of 15.52. Volvo has a 1 year low of SEK 107 and a 1 year high of SEK 171.30.
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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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