Volvo (STO:VOLV.B) has been assigned a SEK 240 price objective by Sanford C. Bernstein in a research note issued to investors on Thursday, AR Network reports. The brokerage currently has a “buy” rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Kepler Capital Markets set a SEK 220 price objective on Volvo and gave the stock a “buy” rating in a research report on Monday, November 2nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Volvo in a research report on Monday, January 4th. HSBC set a SEK 235 price target on Volvo and gave the company a “buy” rating in a research report on Wednesday, November 25th. Jefferies Financial Group set a SEK 210 price target on Volvo and gave the company a “buy” rating in a research report on Friday, November 6th. Finally, Royal Bank of Canada set a SEK 173 price target on Volvo and gave the company a “neutral” rating in a research report on Tuesday, November 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of SEK 195.82.

Volvo has a 12-month low of SEK 123.40 and a 12-month high of SEK 171.30. The stock has a 50-day moving average of SEK 144.10.

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.

Further Reading: Stochastic Momentum Index (SMI)

Analyst Recommendations for Volvo (STO:VOLV.B)

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