BNP Paribas started coverage on shares of VOLVO AB/ADR (OTCMKTS:VLVLY) in a research note published on Tuesday, Briefing.com Automated Import reports. The brokerage issued an underperform rating on the stock.
Other equities analysts have also issued reports about the stock. HSBC reissued a hold rating on shares of VOLVO AB/ADR in a report on Monday, July 22nd. ValuEngine lowered shares of VOLVO AB/ADR from a hold rating to a sell rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada began coverage on shares of VOLVO AB/ADR in a report on Tuesday, June 4th. They set a sector perform rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. VOLVO AB/ADR presently has a consensus rating of Hold and an average target price of $17.00.
Shares of VLVLY stock opened at $13.17 on Tuesday. The firm has a market cap of $26.75 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.50 and a beta of 1.51. The company’s 50 day moving average is $15.14 and its 200 day moving average is $14.98. VOLVO AB/ADR has a 52-week low of $12.06 and a 52-week high of $18.29.
About VOLVO AB/ADR
AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, and Dongfeng brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, and UD Bus brands.
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