Goldman Sachs Group set a SEK 192 price target on Volvo (STO:VOLV-B) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research firms have also weighed in on VOLV-B. Jefferies Financial Group set a €110.00 ($127.91) target price on shares of Airbus and gave the stock a buy rating in a report on Friday, June 14th. JPMorgan Chase & Co. reiterated a buy rating on shares of SS&C Technologies in a research note on Monday, July 1st. Bank of America set a €155.00 ($180.23) price objective on shares of Continental and gave the company a buy rating in a research note on Tuesday, May 14th. Royal Bank of Canada set a €67.00 ($77.91) price objective on shares of Daimler and gave the company a buy rating in a research note on Monday, June 3rd. Finally, UBS Group increased their price objective on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a sell rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Volvo presently has an average rating of Hold and an average price target of SEK 159.55.
VOLV-B opened at SEK 146.85 on Wednesday. Volvo has a fifty-two week low of SEK 123.40 and a fifty-two week high of SEK 171.30. The stock has a 50-day simple moving average of SEK 142.52.
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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