Brokerages Set Volvo Car AB (publ.) (NASDAQ:VLVOF) PT at 80.67

Shares of Volvo Car AB (publ.) (NASDAQ:VLVOF – Get Rating) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is 80.67.

VLVOF has been the topic of several recent analyst reports. DNB Markets cut Volvo Car AB (publ.) from a “buy” rating to a “hold” rating in a report on Thursday, December 30th. Exane BNP Paribas cut Volvo Car AB (publ.) from a “neutral” rating to an “underperform” rating in a report on Thursday, March 17th.

NASDAQ:VLVOF opened at 5.74 on Wednesday. Volvo Car AB has a fifty-two week low of 5.74 and a fifty-two week high of 10.02. The company’s 50-day simple moving average is 6.38.

About Volvo Car AB (publ.) (Get Rating)

Volvo Car AB (publ.) designs, develops, manufactures, markets, assembles, and sells passenger cars in Europe, China, the United States, and internationally. The company offers sedans and SUV vehicles under the Volvo brand; and electric cars under the Volvo and Polestar brands. It also provides vehicle parts and accessories, as well as sells online.

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