UBS Group reaffirmed their sell rating on shares of Volvo (STO:VOLV-B) in a report released on Thursday, Borsen Zeitung reports.
Other equities research analysts have also issued reports about the stock. HSBC set a SEK 150 price objective on shares of Volvo and gave the stock a neutral rating in a report on Monday, July 22nd. Goldman Sachs Group set a SEK 203 price objective on shares of Volvo and gave the stock a buy rating in a report on Thursday, July 25th. Deutsche Bank set a SEK 200 price objective on shares of Volvo and gave the stock a buy rating in a report on Friday, July 19th. Kepler Capital Markets set a SEK 170 price objective on shares of Volvo and gave the stock a buy rating in a report on Thursday, April 25th. Finally, Royal Bank of Canada set a SEK 143 price objective on shares of Volvo and gave the stock a neutral rating in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of SEK 160.
Shares of STO:VOLV-B opened at SEK 127.05 on Thursday. Volvo has a 12 month low of SEK 123.40 and a 12 month high of SEK 171.30. The company’s fifty day simple moving average is SEK 140.32 and its 200 day simple moving average is SEK 140.81.
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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