Volvo AB traded at 366.40 this Wednesday August 5th, decreasing 5.10 or 1.37 percent since the previous trading session. Looking back, over the last four weeks, Volvo AB lost 7.01 percent. Over the last 12 months, its price rose by 32.08 percent. Looking ahead, we forecast Volvo AB to be priced at 355.23 by the end of this quarter and at 329.35 in one year, according to Trading Economics global macro models projections and analysts expectations.
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. The Company's brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus and Mack. In addition to vehicles and machines, its offering includes a range of services, such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and information technology (IT) services. Its product range is divided into Vehicles and Services. The sale of new vehicles, machinery and engines comprise Vehicles, as well as the sale of used vehicles and machines, trailers, superstructures and special vehicles. Its Services include the sale of spare parts.