Volvo AB (VOLV-B) Given Consensus Rating of “Hold” by Analysts

Shares of Volvo AB (STO:VOLV-B) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is SEK 170.78.

Several equities analysts have recently weighed in on the stock. Goldman Sachs Group set a SEK 189 target price on shares of Volvo and gave the stock a “neutral” rating in a research note on Friday, December 8th. JPMorgan Chase & Co. set a SEK 155 target price on shares of Volvo and gave the stock a “neutral” rating in a research note on Friday, October 20th. Kepler Capital Markets set a SEK 175 target price on shares of Volvo and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Morgan Stanley set a SEK 120 target price on shares of Volvo and gave the stock a “sell” rating in a research note on Thursday, January 11th. Finally, set a SEK 180 target price on shares of Volvo and gave the stock a “buy” rating in a research note on Thursday, October 19th.

Volvo (VOLV-B) opened at SEK 148.85 on Monday. The firm has a market cap of $322,770.00 and a PE ratio of 14.42. Volvo has a 12 month low of SEK 115.20 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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