Volvo (STO:VOLV-B) has been given a SEK 192 target price by analysts at Goldman Sachs Group in a report issued on Thursday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective indicates a potential upside of 27.91% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Bank of America set a €155.00 ($180.23) price objective on Continental and gave the company a “buy” rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. lowered News from a “neutral” rating to an “underweight” rating in a research note on Thursday. Kepler Capital Markets set a €27.00 ($31.40) price objective on Jungheinrich and gave the company a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $136.00 price objective on shares of Continental in a research note on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating on shares of CAIXABANK/ADR in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Volvo presently has an average rating of “Hold” and a consensus price target of SEK 160.82.
STO:VOLV-B opened at SEK 150.10 on Thursday. Volvo has a 1 year low of SEK 123.40 and a 1 year high of SEK 171.30. The company has a 50 day moving average 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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