JPMorgan Chase & Co. Analysts Set Volvo (VOLV-B) a SEK 190 Target Price

JPMorgan Chase & Co. Analysts Set Volvo (VOLV-B) a SEK 190 Target Price

JPMorgan Chase & Co. set a SEK 190 price target on Volvo (STO:VOLV-B) in a research note issued to investors on Tuesday, October 23rd. The firm currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the stock. Kepler Capital Markets set a SEK 160 target price on shares of Volvo and gave the company a buy rating in a research report on Monday, October 22nd. Cfra set a SEK 160 price target on shares of Volvo and gave the company a buy rating in a research note on Monday, October 22nd. Deutsche Bank set a SEK 200 price target on shares of Volvo and gave the company a buy rating in a research note on Monday, October 22nd. Morgan Stanley set a SEK 130 price target on shares of Volvo and gave the company a sell rating in a research note on Wednesday, October 17th. Finally, UBS Group set a SEK 135 price target on shares of Volvo and gave the company a sell rating in a research note on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of SEK 171.73.

Shares of VOLV-B stock traded up SEK 0.10 during trading hours on Tuesday, hitting SEK 137.45. 3,781,985 shares of the company were exchanged, compared to its average volume of 5,730,000. 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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