J.P. Morgan analyst Jose Asumendi maintained a Hold rating on Volvo AB (0HTP – Research Report) today and set a price target of SEK290.00. The company’s shares closed yesterday at SEK267.16.
Asumendi covers the Consumer Cyclical sector, focusing on stocks such as Stellantis, Mercedes-Benz Group, and Bayerische Motoren Werke Aktiengesellschaft. According to TipRanks, Asumendi has an average return of 3.9% and a 48.39% success rate on recommended stocks.
In addition to J.P. Morgan, Volvo AB also received a Hold from RBC Capital’s Mark Fielding in a report issued on October 15. However, today, Jefferies maintained a Buy rating on Volvo AB (LSE: 0HTP).
0HTP market cap is currently SEK540.1B and has a P/E ratio of 9.74.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
Volvo AB (0HTP) Company Description:
Volvo AB is the world’s second- largest manufacturer of heavy-duty trucks and largest manufacturer of heavy diesel engines. Its Volvo brand sells medium- and heavy-duty trucks worldwide; the Renault brand sells various types of commercial trucks in Europe and Mack manufactures primarily vocational trucks for sale in North America. Volvo also sells buses, construction equipment, marine drive systems, aircraft engine components, and financial services.
