ABB (ABBN) PT Set at CHF 31 by Goldman Sachs Group

ABB (VTX:ABBN) received a CHF 31 price target from equities research analysts at Goldman Sachs Group in a report released on Wednesday, December 20th. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target suggests a potential upside of 14.26% from the company’s current price.

A number of other equities research analysts also recently issued reports on ABBN. Deutsche Bank set a CHF 23.50 price target on ABB and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Citigroup set a CHF 21 price target on ABB and gave the company a “sell” rating in a research note on Tuesday, September 26th. Morgan Stanley set a CHF 25 price target on ABB and gave the company a “neutral” rating in a research note on Thursday, October 5th. JPMorgan Chase & Co. set a CHF 23.50 price target on ABB and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, UBS Group set a CHF 21 price target on ABB and gave the company a “sell” rating in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of CHF 26.46.

ABB (VTX ABBN) traded up CHF 0.22 during midday trading on Wednesday, reaching CHF 27.13. The company had a trading volume of 4,010,000 shares, compared to its average volume of 5,280,000. The company has a market cap of $58,680.00 and a P/E ratio of 26.60. ABB has a 52 week low of CHF 21.65 and a 52 week high of CHF 27.18.

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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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