Kepler Capital Markets set a SEK 145 price objective on Volvo (STO:VOLV.B) in a research note published on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages have also issued reports on VOLV.B. JPMorgan Chase & Co. set a SEK 165 price objective on Volvo and gave the stock a neutral rating in a report on Thursday, February 6th. Goldman Sachs Group set a SEK 187 price objective on Volvo and gave the stock a buy rating in a report on Monday. Deutsche Bank set a SEK 190 price objective on Volvo and gave the stock a buy rating in a report on Friday, January 31st. Royal Bank of Canada set a SEK 166 price objective on Volvo and gave the stock a neutral rating in a report on Monday, February 3rd. Finally, UBS Group set a SEK 113 price objective on Volvo and gave the stock a neutral rating in a report on Thursday, March 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of SEK 155.70.
Volvo has a fifty-two week low of SEK 123.40 and a fifty-two week high of SEK 171.30. The business has a 50-day simple moving average of SEK 153.66 and a 200 day simple moving average of SEK 148.69.
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.
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