Volvo AB (STO:VOLV-B) has earned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is SEK 153.

Several research firms have recently weighed in on VOLV-B. 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 report on Thursday, July 20th. 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 report on Monday, July 17th. UBS AG set a SEK 155 price target on shares of Volvo AB and gave the company a “neutral” rating in a report on Thursday, July 27th. Morgan Stanley set a SEK 120 price target on shares of Volvo AB and gave the company a “sell” rating in a report on Monday. Finally, Citigroup Inc. set a SEK 186 price target on shares of Volvo AB and gave the company a “buy” rating in a report on Friday, September 1st.

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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.

Analyst Recommendations for Volvo AB (STO:VOLV-B)

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