S&P Global set a CHF 26 price objective on ABB Ltd. (VTX:ABBN) in a research note released on Thursday morning. The brokerage currently has a neutral rating on the stock.
Several other brokerages have also recently issued reports on ABBN. Goldman Sachs Group, Inc. (The) set a CHF 24 target price on shares of ABB and gave the company a neutral rating in a report on Thursday, June 29th. Citigroup Inc. set a CHF 21 target price on shares of ABB and gave the company a sell rating in a report on Monday, July 3rd. J P Morgan Chase & Co set a CHF 23 target price on shares of ABB and gave the company a neutral rating in a report on Thursday, July 13th. Morgan Stanley set a CHF 25 target price on shares of ABB and gave the company a buy rating in a report on Wednesday, July 5th. Finally, Deutsche Bank AG set a CHF 24 target price on shares of ABB and gave the company a neutral rating in a report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has an average rating of Hold and a consensus target price of CHF 23.69.
ABB (VTX ABBN) traded down 3.01% on Thursday, hitting CHK 22.54. 14,772,101 shares of the company’s stock were exchanged. The company’s 50-day moving average price is CHK 24.21 and its 200-day moving average price is CHK 23.52. ABB has a 12-month low of CHK 19.72 and a 12-month high of CHK 24.89.
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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.
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