Volvo (STO:VOLV-B) Given a SEK 192 Price Target at Goldman Sachs Group

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Goldman Sachs Group set a SEK 192 price target on Volvo (STO:VOLV-B) in a research note released on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on VOLV-B. JPMorgan Chase & Co. reissued a buy rating on shares of SS&C Technologies in a research note on Monday, July 1st. Kepler Capital Markets set a €27.00 ($31.40) price objective on shares of Jungheinrich and gave the stock a neutral rating in a research note on Thursday, April 25th. Jefferies Financial Group set a €110.00 ($127.91) price objective on shares of Airbus and gave the stock a buy rating in a research note on Friday, June 14th. Deutsche Bank reduced their price objective on shares of Xilinx from $125.00 to $120.00 and set a hold rating on the stock in a research note on Thursday, April 25th. Finally, Royal Bank of Canada set a €67.00 ($77.91) price objective on shares of Daimler and gave the stock a buy rating in a research note on Monday, June 3rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Volvo has an average rating of Hold and an average price target of SEK 159.55.

Shares of STO:VOLV-B opened at SEK 146.85 on Wednesday. The business’s fifty day moving average is SEK 142.52. Volvo has a 52-week low of SEK 123.40 and a 52-week 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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