Volvo (VOLV-B) Given a SEK 120 Price Target at Morgan Stanley

Volvo (STO:VOLV-B) has been given a SEK 120 price objective by investment analysts at Morgan Stanley in a report released on Thursday. The firm presently has a “sell” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 24.65% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Goldman Sachs Group set a SEK 189 price objective on Volvo and gave the company a “neutral” rating in a report on Friday, December 8th. JPMorgan Chase & Co. set a SEK 155 price objective on Volvo and gave the company a “neutral” rating in a report on Friday, October 20th. set a SEK 180 price objective on Volvo and gave the company a “buy” rating in a report on Thursday, October 19th. Citigroup set a SEK 200 price objective on Volvo and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Societe Generale set a SEK 170 price objective on Volvo and gave the company a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of SEK 169.88.

Volvo (VOLV-B) traded up SEK 6.55 during trading hours on Thursday, hitting SEK 159.25. The company’s stock had a trading volume of 3,405,437 shares, compared to its average volume of 4,310,000. Volvo has a 1 year low of SEK 107 and a 1 year high of SEK 171.30. The stock has a market cap of $338,620.00 and a PE ratio of 15.48.

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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.

Analyst Recommendations for Volvo (STO:VOLV-B)

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