Volvo AB (STO:VOLV-B) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is SEK 169.88.

A number of research analysts have weighed in on the stock. Morgan Stanley set a SEK 120 price objective on shares of Volvo and gave the stock a “sell” rating in a research report on Monday, October 9th. UBS Group set a SEK 155 price objective on shares of Volvo and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. set a SEK 180 price objective on shares of Volvo and gave the stock a “buy” rating in a research report on Thursday, October 19th. JPMorgan Chase & Co. set a SEK 155 price objective on shares of Volvo and gave the stock a “neutral” rating in a research report on Friday, October 20th. Finally, S&P Global set a SEK 190 price objective on shares of Volvo and gave the stock a “buy” rating in a research report on Friday, October 20th.

Volvo (VOLV-B) traded up SEK 2.15 during midday trading on Thursday, reaching SEK 165.30. 4,906,149 shares of the company were exchanged, compared to its average volume of 4,260,000. The firm has a market capitalization of $352,140.00 and a P/E ratio of 16.06. Volvo has a 52 week low of SEK 108.10 and a 52 week high of SEK 171.30.

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About Volvo

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.

Analyst Recommendations for Volvo (STO:VOLV-B)

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