UBS Group Reiterates SEK 122 Price Target for Volvo (STO:VOLV-B)

UBS Group set a SEK 122 price objective on Volvo (STO:VOLV-B) in a research report released on Thursday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

VOLV-B has been the subject of a number of other reports. JPMorgan Chase & Co. reaffirmed a buy rating on shares of SS&C Technologies in a research report on Monday, July 1st. Jefferies Financial Group set a €110.00 ($127.91) target price on shares of Airbus and gave the company a buy rating in a research report on Friday, June 14th. Royal Bank of Canada reissued a hold rating and set a $136.00 target price on shares of Continental in a research report on Wednesday. Bank of America set a €155.00 ($180.23) target price on shares of Continental and gave the company a buy rating in a research report on Tuesday, May 14th. Finally, Goldman Sachs Group downgraded shares of EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Volvo has a consensus rating of Hold and an average price target of SEK 160.82.

Shares of VOLV-B stock opened at SEK 150.10 on Thursday. Volvo has a 52-week low of SEK 123.40 and a 52-week high of SEK 171.30. The stock has a 50-day moving average price of SEK 143.90.

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

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