Volvo (STO:VOLV-B) has been assigned a SEK 187 price objective by stock analysts at Goldman Sachs Group in a research report issued to clients and investors on Monday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective suggests a potential upside of 19.95% from the company’s previous close.
A number of other research analysts also recently commented on VOLV-B. Kepler Capital Markets set a SEK 175 price target on Volvo and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. set a SEK 155 price target on Volvo and gave the company a “neutral” rating in a report on Wednesday, January 31st. Morgan Stanley set a SEK 125 price objective on Volvo and gave the company a “sell” rating in a research note on Thursday. UBS Group set a SEK 155 price objective on Volvo and gave the company a “neutral” rating in a research note on Tuesday, December 12th. Finally, Citigroup set a SEK 200 price objective on Volvo and gave the company a “buy” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of SEK 170.78.
Shares of Volvo (VOLV-B) opened at SEK 155.55 on Monday. The stock has a market cap of $331,830.00 and a P/E ratio of 15.07. Volvo has a 12-month low of SEK 115.20 and a 12-month high of SEK 171.30.
Volvo 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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