Goldman Sachs Group set a SEK 192 target price on Volvo (STO:VOLV-B) in a research note published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
VOLV-B has been the subject of several other reports. Royal Bank of Canada set a €67.00 ($77.91) price objective on shares of Daimler and gave the company a buy rating in a report on Monday, June 3rd. Deutsche Bank cut their target price on shares of Xilinx from $125.00 to $120.00 and set a hold rating for the company in a research report on Thursday, April 25th. JPMorgan Chase & Co. restated 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. Finally, UBS Group boosted their target price on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a sell rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of SEK 159.55.
VOLV-B opened at SEK 146.85 on Wednesday. The firm’s 50 day moving average is SEK 142.52. Volvo has a twelve month low of SEK 123.40 and a twelve month 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.
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