ABB Ltd. (ABBN) PT Set at CHF 24 by J P Morgan Chase & Co
ABB Ltd. (VTX:ABBN) has been given a CHF 24 target price by stock analysts at J P Morgan Chase & Co in a research report issued on Monday. The brokerage presently has a “neutral” rating on the stock.
Several other research firms have also recently weighed in on ABBN. Societe Generale set a CHF 25.50 price target on shares of ABB and gave the company a “neutral” rating in a report on Friday. Goldman Sachs Group, Inc. (The) set a CHF 25 price target on shares of ABB and gave the company a “neutral” rating in a report on Tuesday, September 26th. Barclays PLC set a CHF 26 price target on shares of ABB and gave the company a “buy” rating in a report on Friday. Morgan Stanley set a CHF 25 price target on shares of ABB and gave the company a “neutral” rating in a report on Thursday. Finally, Citigroup Inc. set a CHF 21 price target on shares of ABB and gave the company a “sell” rating in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. ABB has a consensus rating of “Hold” and a consensus target price of CHF 23.96.
Shares of ABB (VTX ABBN) traded down 0.47% during trading on Monday, reaching CHK 25.17. The company had a trading volume of 4,084,651 shares. ABB has a 12 month low of CHK 19.72 and a 12 month high of CHK 25.57. The company has a market cap of CHK 53.71 billion and a price-to-earnings ratio of 24.25. The firm has a 50 day moving average price of CHK 24.16 and a 200 day moving average price of CHK 23.71.
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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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