JPMorgan Chase & Co. Reiterates “CHF 24” Price Target for ABB (ABBN)

ABB (VTX:ABBN) received a CHF 24 price objective from analysts at JPMorgan Chase & Co. in a report issued on Thursday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 5.73% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Barclays set a CHF 26 price objective on shares of ABB and gave the company a “buy” rating in a research report on Friday, October 27th. Kepler Capital Markets set a CHF 28 target price on ABB and gave the company a “buy” rating in a research note on Wednesday, November 1st. Goldman Sachs Group set a CHF 31 target price on ABB and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Deutsche Bank set a CHF 29 target price on ABB and gave the company a “buy” rating in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. ABB has an average rating of “Hold” and an average price target of CHF 26.89.

Shares of ABB (VTX ABBN) traded down CHF 0.37 during midday trading on Thursday, hitting CHF 22.70. 15,830,000 shares of the company traded hands, compared to its average volume of 4,740,000. The stock has a market capitalization of $48,820.00 and a P/E ratio of 23.16. ABB has a 12 month low of CHF 21.65 and a 12 month high of CHF 27.24.

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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.

Analyst Recommendations for ABB (VTX:ABBN)

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