JPMorgan Chase & Co. set a SEK 175 target price on Volvo (STO:VOLV-B) in a research report released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities analysts have also recently commented on the stock. Goldman Sachs Group set a SEK 203 price objective on shares of Volvo and gave the stock a buy rating in a research report on Thursday, August 29th. Bank of America set a SEK 127 target price on Volvo and gave the stock a sell rating in a report on Friday, August 23rd. Royal Bank of Canada set a SEK 143 target price on Volvo and gave the stock a neutral rating in a report on Wednesday, July 17th. UBS Group reissued a sell rating on shares of Volvo in a report on Thursday, August 22nd. Finally, HSBC set a SEK 150 target price on Volvo and gave the stock a neutral rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Volvo presently has an average rating of Hold and a consensus target price of SEK 159.09.
VOLV-B stock traded up SEK 0.25 during midday trading on Thursday, reaching SEK 128.75. 4,491,603 shares of the company were exchanged, compared to its average volume of 5,730,000. The business has a 50-day moving average price of SEK 135.32 and a two-hundred day moving average price of SEK 141.27. Volvo has a one year low of SEK 123.40 and a one 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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