Shares of Volvo AB (STO:VOLV-B) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is SEK 164.14.

A number of brokerages have recently issued reports on VOLV-B. J P Morgan Chase & Co set a SEK 155 price objective on shares of Volvo AB and gave the company a “neutral” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) set a SEK 149 price objective on shares of Volvo AB and gave the company a “neutral” rating in a research note on Monday, July 17th. UBS Group AG (USA) set a SEK 155 price objective on shares of Volvo AB and gave the company a “neutral” rating in a research note on Monday, October 23rd. HSBC Holdings plc set a SEK 180 price objective on shares of Volvo AB and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Citigroup Inc set a SEK 200 price objective on shares of Volvo AB and gave the company a “buy” rating in a research note on Monday, October 23rd.

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Shares of Volvo AB (STO VOLV-B) opened at SEK 169.40 on Friday.

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.

Analyst Recommendations for Volvo AB (STO:VOLV-B)

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