ABB Ltd. (VTX:ABBN) Receives CHF 23.69 Average Price Target from Analysts

Shares of ABB Ltd. (VTX:ABBN) have received an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is CHF 23.69.

Several equities research analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) set a CHF 25 target price on ABB and gave the stock a “neutral” rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co set a CHF 23.50 price target on ABB and gave the stock a “neutral” rating in a research note on Friday, July 21st. Kepler Capital Markets set a CHF 24.50 price target on ABB and gave the stock a “neutral” rating in a research note on Friday, July 21st. Morgan Stanley set a CHF 25 price target on ABB and gave the stock a “neutral” rating in a research note on Friday, July 21st. Finally, Deutsche Bank AG set a CHF 23.50 price target on ABB and gave the stock a “neutral” rating in a research note on Friday, July 21st.

Shares of ABB (VTX:ABBN) opened at 22.90 on Friday. ABB has a 12 month low of CHK 19.48 and a 12 month high of CHK 24.89. The company has a 50-day moving average price of CHK 23.77 and a 200-day moving average price of CHK 23.56.

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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.