ABB Ltd. (ABBN) Given Average Rating of “Hold” by Analysts

Shares of ABB Ltd. (VTX:ABBN) have received an average rating of “Hold” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is CHF 26.85.

A number of analysts have recently weighed in on ABBN shares. JPMorgan Chase & Co. set a CHF 23.50 target price on shares of ABB and gave the stock a “neutral” rating in a report on Monday, September 25th. Goldman Sachs Group set a CHF 25 target price on shares of ABB and gave the stock a “neutral” rating in a report on Tuesday, September 26th. Citigroup set a CHF 21 target price on shares of ABB and gave the stock a “sell” rating in a report on Tuesday, September 26th. Morgan Stanley set a CHF 25 target price on shares of ABB and gave the stock a “neutral” rating in a report on Thursday, October 5th. Finally, Deutsche Bank set a CHF 23.50 price target on shares of ABB and gave the stock a “neutral” rating in a research note on Tuesday, October 10th.

Shares of ABB (ABBN) opened at CHF 26.98 on Friday. The firm has a market cap of $58,090.00 and a PE ratio of 26.98. ABB has a 1-year low of CHF 21.65 and a 1-year high of CHF 27.24.

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About ABB

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.

Analyst Recommendations for ABB (VTX:ABBN)

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