Volvo (STO:VOLV-B) has been assigned a SEK 189 price target by research analysts at Goldman Sachs Group in a report issued on Friday. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective points to a potential upside of 19.92% from the stock’s current price.

Other equities analysts have also issued reports about the stock. J P Morgan Chase & Co set a SEK 155 price objective on shares of Volvo and gave the company a “neutral” rating in a report on Friday, October 20th. Morgan Stanley set a SEK 120 price objective on shares of Volvo and gave the company a “sell” rating in a report on Monday, October 9th. set a SEK 180 price objective on shares of Volvo and gave the company a “buy” rating in a report on Thursday, October 19th. Citigroup set a SEK 200 price objective on shares of Volvo and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, UBS set a SEK 155 price objective on shares of Volvo and gave the company a “neutral” rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Volvo currently has a consensus rating of “Hold” and an average target price of SEK 169.86.

Shares of Volvo (STO:VOLV-B) opened at SEK 157.60 on Friday. Volvo has a 12 month low of SEK 105 and a 12 month high of SEK 171.30.

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About Volvo

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 (STO:VOLV-B)

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