Shares of ABB Ltd. (VTX:ABBN) have earned a consensus rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is CHF 26.30.
A number of analysts have recently issued reports on ABBN shares. Goldman Sachs Group set a CHF 31 target price on ABB and gave the stock a “buy” rating in a research report on Monday, November 20th. Barclays set a CHF 30 price objective on ABB and gave the company a “buy” rating in a report on Wednesday, November 29th. JPMorgan Chase & Co. set a CHF 24 price objective on ABB and gave the company a “neutral” rating in a report on Tuesday, January 2nd. Morgan Stanley set a CHF 24.30 price objective on ABB and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, Jefferies Group set a CHF 21.03 price objective on ABB and gave the company a “sell” rating in a report on Friday, February 16th.
Shares of ABB (VTX ABBN) traded down CHF 0.03 during midday trading on Monday, hitting CHF 22.82. The stock had a trading volume of 3,150,000 shares, compared to its average volume of 7,450,000. ABB has a twelve month low of CHF 21.65 and a twelve month high of CHF 27.24. The stock has a market capitalization of $49,530.00 and a price-to-earnings ratio of 23.53.
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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.
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