ABB (ABBN) Given a CHF 27 Price Target by Citigroup Analysts

ABB (VTX:ABBN) has been assigned a CHF 27 target price by equities research analysts at Citigroup in a report issued on Thursday. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 0.30% from the stock’s previous close.

A number of other brokerages also recently weighed in on ABBN. Goldman Sachs Group set a CHF 31 price target on shares of ABB and gave the company a “buy” rating in a research report on Monday, November 20th. Barclays set a CHF 30 price target on shares of ABB and gave the company a “buy” rating in a research report on Wednesday, November 29th. Morgan Stanley set a CHF 25 price target on shares of ABB and gave the company a “neutral” rating in a research report on Thursday, October 5th. JPMorgan Chase & Co. set a CHF 24 price target on shares of ABB and gave the company a “neutral” rating in a research report on Tuesday, January 2nd. Finally, UBS Group set a CHF 21 price target on shares of ABB and gave the company a “sell” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of CHF 26.38.

ABB (ABBN) traded up CHF 0.04 during trading on Thursday, reaching CHF 26.92. 2,990,000 shares of the company’s stock were exchanged, compared to its average volume of 5,330,000. ABB has a 52 week low of CHF 21.65 and a 52 week high of CHF 27.07. The firm has a market cap of $58,060.00 and a P/E ratio of 26.14.

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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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