Royal Bank of Canada set a SEK 146 price target on Volvo (STO:VOLV-B) in a report issued on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research firms have also weighed in on VOLV-B. Kepler Capital Markets set a SEK 150 target price on shares of Volvo and gave the stock a buy rating in a report on Friday, October 4th. Morgan Stanley set a SEK 135 target price on shares of Volvo and gave the stock a sell rating in a report on Friday, September 13th. JPMorgan Chase & Co. set a SEK 175 target price on shares of Volvo and gave the stock a neutral rating in a report on Thursday, October 3rd. Goldman Sachs Group set a SEK 203 target price on shares of Volvo and gave the stock a buy rating in a report on Tuesday, October 8th. Finally, HSBC set a SEK 150 target price on shares of Volvo and gave the stock a neutral rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Volvo presently has a consensus rating of Hold and a consensus price target of SEK 159.27.
Shares of VOLV-B stock opened at SEK 143.45 on Wednesday. The firm’s 50 day moving average is SEK 137.54 and its 200 day moving average is SEK 141.06. Volvo has a 12 month low of SEK 123.40 and a 12 month high of SEK 171.30.
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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