Shares of Volvo AB (STO:VOLV-B) have been given an average recommendation of “Hold” by the six research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is SEK 130.80.

VOLV-B has been the topic of several research analyst reports. Citigroup Inc. set a SEK 180 target price on shares of Volvo AB and gave the company a “buy” rating in a research note on Monday, May 29th. UBS AG set a SEK 155 target price on shares of Volvo AB and gave the company a “neutral” rating in a research note on Thursday, July 27th. J P Morgan Chase & Co set a SEK 155 target price on shares of Volvo AB and gave the company a “neutral” rating in a research note on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) set a SEK 149 target price on shares of Volvo AB and gave the company a “neutral” rating in a research note on Monday, July 17th.

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Volvo AB 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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