Volvo AB (STO:VOLV-B) Receives SEK 160.82 Consensus PT from Analysts
Volvo AB (STO:VOLV-B) has been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is SEK 160.
Several analysts have issued reports on the company. JPMorgan Chase & Co. cut News from a “neutral” rating to an “underweight” rating in a research report on Thursday, July 18th. Kepler Capital Markets set a €27.00 ($31.40) target price on Jungheinrich and gave the company a “neutral” rating in a research report on Thursday, April 25th. Deutsche Bank set a $128.00 target price on United Rentals and gave the company a “hold” rating in a research report on Friday, July 19th. Bank of America set a €155.00 ($180.23) target price on Continental and gave the company a “buy” rating in a research report on Tuesday, May 14th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $136.00 target price on shares of Continental in a research report on Wednesday, July 17th.
VOLV-B traded down SEK 0.25 during trading on Monday, hitting SEK 146.80. 2,625,958 shares of the stock were exchanged, compared to its average volume of 5,730,000. The stock has a 50 day moving average price of SEK 145.93. Volvo has a 1 year low of SEK 123.40 and a 1 year 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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