Morgan Stanley Analysts Give ABB Ltd. (ABBN) a CHF 25 Price Target
ABB Ltd. (VTX:ABBN) received a CHF 25 target price from research analysts at Morgan Stanley in a research note issued on Thursday. The firm currently has a “neutral” rating on the stock.
A number of other brokerages have also recently weighed in on ABBN. Goldman Sachs Group, Inc. (The) set a CHF 24 price objective on shares of 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 shares of ABB and gave the stock a “sell” rating in a research note on Monday, July 3rd. J P Morgan Chase & Co set a CHF 23 price objective on shares of ABB and gave the stock a “neutral” rating in a research note on Thursday, July 13th. Finally, Deutsche Bank AG set a CHF 23.50 price objective on shares of ABB and gave the stock a “neutral” rating in a research note on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of CHF 23.69.
ABB (VTX:ABBN) traded down 0.04% during midday trading on Thursday, reaching CHK 24.47. The company’s stock had a trading volume of 4,193,519 shares. ABB has a 52 week low of CHK 19.72 and a 52 week high of CHK 24.89. The company’s 50-day moving average is CHK 23.05 and its 200 day moving average is CHK 23.55. The firm has a market capitalization of CHK 52.22 billion and a P/E ratio of 23.57.
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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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