Volvo (VOLV-B) PT Set at SEK 110 by UBS Group

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Volvo (STO:VOLV-B) has been assigned a SEK 110 price objective by UBS Group in a research note issued to investors on Tuesday, www.boersen-zeitung.de reports. The brokerage presently has a “sell” rating on the stock. UBS Group’s target price indicates a potential downside of 17.63% from the stock’s previous close.

A number of other equities analysts have also weighed in on VOLV-B. Kepler Capital Markets set a SEK 140 price target on Volvo and gave the company a “buy” rating in a research report on Thursday, January 31st. Jefferies Financial Group set a SEK 185 price target on Volvo and gave the company a “buy” rating in a research report on Tuesday, February 5th. Morgan Stanley set a SEK 125 price target on Volvo and gave the company a “sell” rating in a research report on Thursday, December 6th. JPMorgan Chase & Co. set a SEK 150 price target on Volvo and gave the company a “neutral” rating in a research report on Wednesday, January 30th. Finally, HSBC set a SEK 180 price target on Volvo and gave the company a “buy” rating in a research report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of SEK 162.40.

STO:VOLV-B opened at SEK 133.55 on Tuesday. Volvo has a 1-year low of SEK 123.40 and a 1-year high of SEK 171.30.

About Volvo

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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