ABB Ltd. (ABBN) PT Set at CHF 23.50 by Deutsche Bank AG
ABB Ltd. (VTX:ABBN) has been given a CHF 23.50 price target by analysts at Deutsche Bank AG in a research note issued on Wednesday. The firm presently has a “neutral” rating on the stock.
A number of other research analysts have also recently weighed in on ABBN. Berenberg Bank set a CHF 21 target price on ABB and gave the company a “sell” rating in a report on Tuesday, June 6th. J P Morgan Chase & Co set a CHF 23 price objective on ABB and gave the stock a “neutral” rating in a research note on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) set a CHF 24 price objective on ABB and gave the stock a “neutral” rating in a research note on Thursday, June 29th. Citigroup Inc. set a CHF 21 price objective on ABB and gave the stock a “sell” rating in a research note on Monday, July 3rd. Finally, Morgan Stanley set a CHF 25 price objective on ABB and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. ABB has an average rating of “Hold” and a consensus target price of CHF 23.69.
Shares of ABB (VTX ABBN) opened at 23.58 on Wednesday. The stock’s 50 day moving average is CHK 22.51 and its 200 day moving average is CHK 23.44. ABB has a 52-week low of CHK 19.72 and a 52-week high of CHK 24.89. The stock has a market cap of CHK 50.32 billion and a price-to-earnings ratio of 22.72.
ABB Company Profile
ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.
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