Volvo AB (STO:VOLV-B) has been given a SEK 155 price objective by UBS AG in a research note issued on Tuesday, October 17th, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the stock. UBS AG’s price objective points to a potential downside of 8.39% from the company’s current price.
A number of other brokerages have also recently issued reports on VOLV-B. Citigroup Inc. set a SEK 186 price target on shares of Volvo AB and gave the company a “buy” rating in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) set a SEK 149 price target on shares of Volvo AB and gave the company a “neutral” rating in a research report on Monday, July 10th. J P Morgan Chase & Co set a SEK 155 price target on shares of Volvo AB and gave the company a “neutral” rating in a research report on Thursday, July 20th. Finally, Morgan Stanley set a SEK 120 price target on shares of Volvo AB and gave the company a “sell” rating in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Volvo AB presently has an average rating of “Hold” and a consensus price target of SEK 164.14.
Volvo AB (STO VOLV-B) traded down SEK 0.70 during midday trading on Tuesday, hitting SEK 168.70. 4,230,000 shares of the company traded hands, compared to its average volume of 5,240,000. Volvo AB has a twelve month low of SEK 89.25 and a twelve month high of SEK 171.30.
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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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