Volvo AB (STO:VOLV-B) Receives Average Recommendation of “Hold” from Analysts
Volvo AB (STO:VOLV-B) has received an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is SEK 130.80.
Several brokerages have recently weighed in on VOLV-B. Goldman Sachs Group, Inc. (The) set a SEK 149 price objective on Volvo AB and gave the company a “neutral” rating in a report on Monday, July 10th. Citigroup Inc. set a SEK 180 price objective on Volvo AB and gave the company a “buy” rating in a report on Monday, May 29th. J P Morgan Chase & Co set a SEK 155 price objective on Volvo AB and gave the company a “neutral” rating in a report on Thursday, July 20th. Finally, UBS AG set a SEK 155 price objective on Volvo AB and gave the company a “neutral” rating in a report on Thursday.
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.
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