VOLVO AB/ADR (OTCMKTS:VLVLY) Receives $17.00 Consensus Price Target from Analysts

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VOLVO AB/ADR (OTCMKTS:VLVLY) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.00.

A number of equities analysts have issued reports on VLVLY shares. Zacks Investment Research upgraded shares of Zymeworks from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Saturday, April 13th. ValuEngine upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. Royal Bank of Canada restated a “sector perform” rating and set a GBX 2,750 ($35.93) target price on shares of in a research report on Tuesday, June 4th. Finally, Goldman Sachs Group restated a “buy” rating and set a GBX 265 ($3.46) target price on shares of Tesco in a research report on Tuesday, April 2nd.

VLVLY traded down $0.25 during midday trading on Thursday, reaching $15.25. 18,390 shares of the company’s stock were exchanged, compared to its average volume of 25,595. The firm has a market cap of $30.87 billion, a PE ratio of 9.02, a PEG ratio of 1.71 and a beta of 1.51. The company’s 50-day moving average price is $15.23. VOLVO AB/ADR has a 1-year low of $12.06 and a 1-year high of $18.29.

About VOLVO AB/ADR

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, and Dongfeng brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, and UD Bus brands.

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Analyst Recommendations for VOLVO AB/ADR (OTCMKTS:VLVLY)

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