Brokerages Set VOLVO AB/ADR (OTCMKTS:VLVLY) Price Target at $17.00

Shares of VOLVO AB/ADR (OTCMKTS:VLVLY) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.00.

VLVLY has been the subject of a number of recent analyst reports. ValuEngine upgraded 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 issued a GBX 2,750 ($35.93) price objective on shares of in a research report on Tuesday, June 4th. Goldman Sachs Group reiterated a “buy” rating and set a GBX 265 ($3.46) price target on shares of Tesco in a research report on Tuesday, April 2nd. Finally, Zacks Investment Research upgraded Zymeworks from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Saturday, April 13th.

Shares of VOLVO AB/ADR stock traded down $0.12 on Thursday, reaching $15.57. The company’s stock had a trading volume of 12,666 shares, compared to its average volume of 25,719. The firm has a market capitalization of $31.61 billion, a P/E ratio of 9.21, a P/E/G ratio of 1.71 and a beta of 1.51. VOLVO AB/ADR has a 52-week low of $12.06 and a 52-week high of $18.29. The business has a 50-day simple moving average of $15.16.

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.

Recommended Story: Technical Analysis of Stocks and What It Means

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

Receive News & Ratings for VOLVO AB/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VOLVO AB/ADR and related companies with MarketBeat.com's FREE daily email newsletter.