UBS Group set a SEK 110 target price on Volvo (STO:VOLV-B) in a report issued on Tuesday, www.boersen-zeitung.de reports. The firm currently has a sell rating on the stock.
VOLV-B has been the topic of a number of other research reports. Jefferies Financial Group set a SEK 185 price objective on Volvo and gave the stock a buy rating in a research note on Tuesday, February 5th. Kepler Capital Markets set a SEK 140 price objective on Volvo and gave the stock a buy rating in a research note on Thursday, January 31st. JPMorgan Chase & Co. set a SEK 150 price objective on Volvo and gave the stock a neutral rating in a research note on Wednesday, January 30th. Morgan Stanley set a SEK 125 price objective on Volvo and gave the stock a sell rating in a research note on Thursday, December 6th. Finally, HSBC set a SEK 180 price objective on Volvo and gave the stock a buy rating in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of SEK 162.40.
Shares of VOLV-B opened at SEK 131.95 on Tuesday. Volvo has a one year low of SEK 123.40 and a one year 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.
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