Volvo (STO:VOLV.B) has been assigned a SEK 210 price objective by investment analysts at UBS Group in a report issued on Wednesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock.
Several other analysts have also issued reports on VOLV.B. The Goldman Sachs Group set a SEK 224 price target on shares of Volvo and gave the company a “buy” rating in a research report on Thursday, October 22nd. HSBC set a SEK 235 price target on Volvo and gave the stock a “buy” rating in a research report on Wednesday, November 25th. Jefferies Financial Group set a SEK 210 price objective on shares of Volvo and gave the company a “buy” rating in a report on Friday, November 6th. Kepler Capital Markets set a SEK 220 price objective on shares of Volvo and gave the company a “buy” rating in a research report on Monday, November 2nd. Finally, Royal Bank of Canada set a SEK 173 price objective on Volvo and gave the stock a “neutral” rating in a research note on Tuesday, November 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of SEK 193.09.
The firm has a fifty day moving average of SEK 144.10. Volvo has a twelve month low of SEK 123.40 and a twelve 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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