Volvo (STO:VOLV-B) has been assigned a SEK 130 price objective by analysts at Morgan Stanley in a research report issued on Wednesday. The firm presently has a “sell” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 4.31% from the company’s previous close.

A number of other research firms also recently commented on VOLV-B. JPMorgan Chase & Co. set a SEK 190 target price on shares of Volvo and gave the stock a “buy” rating in a research report on Monday, September 17th. UBS Group set a SEK 135 target price on shares of Volvo and gave the stock a “sell” rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Volvo presently has a consensus rating of “Hold” and an average price target of SEK 174.40.

STO:VOLV-B opened at SEK 135.85 on Wednesday. Volvo has a 12 month low of SEK 123.40 and a 12 month high of SEK 171.30.

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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Analyst Recommendations for Volvo (STO:VOLV-B)

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