Royal Bank of Canada set a SEK 139 price objective on Volvo (STO:VOLV-B) in a research note published on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

VOLV-B has been the topic of a number of other research reports. Deutsche Bank set a SEK 200 target price on shares of Volvo and gave the stock a buy rating in a research report on Thursday, April 25th. Goldman Sachs Group set a SEK 191 target price on shares of Volvo and gave the stock a buy rating in a research report on Tuesday, May 14th. HSBC set a SEK 170 target price on shares of Volvo and gave the stock a buy rating in a research report on Tuesday, March 26th. UBS Group set a SEK 110 target price on shares of Volvo and gave the stock a sell rating in a research report on Tuesday, February 12th. Finally, Jefferies Financial Group set a SEK 185 target price on shares of Volvo and gave the stock a buy rating in a research report on Tuesday, February 5th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Volvo has an average rating of Hold and an average target price of SEK 159.83.

Shares of VOLV-B opened at SEK 132.95 on Monday. 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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