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

ABB Ltd. (VTX:ABBN) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat reports. One equities research 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. The average 12 month target price among analysts that have issued ratings on the stock in the last year is CHF 26.82.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. set a CHF 24 price objective on shares of ABB and gave the stock a “neutral” rating in a report on Thursday, February 8th. Goldman Sachs Group set a CHF 31 price objective on shares of ABB and gave the stock a “buy” rating in a report on Wednesday. Cfra set a CHF 27 price objective on shares of ABB and gave the stock a “buy” rating in a report on Friday, February 9th. Barclays set a CHF 30 price objective on shares of ABB and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Morgan Stanley set a CHF 24.30 price objective on shares of ABB and gave the stock a “neutral” rating in a report on Friday, February 9th.

ABB (VTX ABBN) opened at CHF 22.99 on Thursday. ABB has a 52 week low of CHF 21.65 and a 52 week high of CHF 27.24. The firm has a market capitalization of $49,610.00 and a P/E ratio of 23.70.

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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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