AB Volvo PT Lowered to $95.00 (VOLVY)
Stock analysts at UBS AG reduced their target price on shares of AB Volvo (OTCMKTS:VOLVY) from $100.00 to $95.00 in a report issued on Tuesday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock.
Separately, analysts at Berenberg Bank raised their price target on shares of AB Volvo from $116.00 to $138.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $100.27.
AB Volvo (OTCMKTS:VOLVY) traded up 0.19% during mid-day trading on Tuesday, hitting $14.78. 6,075 shares of the company’s stock traded hands. AB Volvo has a one year low of $12.79 and a one year high of $15.82. The stock has a 50-day moving average of $14.86 and a 200-day moving average of $14.44. The company has a market cap of $29.974 billion and a P/E ratio of 52.50.
AB Volvo is a Sweden-based supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications, industrial engines and systems, industrial information technology (OTCMKTS:VOLVY) solutions, logistics solutions, aircraft engine components, as well as services and support, such as roadside assistance, fuel management and driver training.
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