Goldman Sachs Group set a SEK 192 target price on Volvo (STO:VOLV-B) in a research note released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts also recently weighed in on VOLV-B. Deutsche Bank lowered their price target on Xilinx from $125.00 to $120.00 and set a hold rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. reissued a buy rating on shares of SS&C Technologies in a research report on Monday, July 1st. Bank of America set a €155.00 ($180.23) price target on Continental and gave the stock a buy rating in a research report on Tuesday, May 14th. Kepler Capital Markets set a €27.00 ($31.40) price target on Jungheinrich and gave the stock a neutral rating in a research report on Thursday, April 25th. Finally, HSBC reissued a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a research report on Tuesday, March 26th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of SEK 159.55.
STO VOLV-B traded down SEK 1 during trading on Wednesday, reaching SEK 144.75. 3,275,542 shares of the company’s stock were exchanged, compared to its average volume of 5,730,000. The firm’s 50 day simple moving average is SEK 142.29. Volvo has a fifty-two week low of SEK 123.40 and a fifty-two week 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.
Further Reading: Penny Stocks
Receive News & Ratings for Volvo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volvo and related companies with MarketBeat.com's FREE daily email newsletter.