Goldman Sachs Group Reiterates “CHF 32” Price Target for ABB (ABBN)

ABB (VTX:ABBN) received a CHF 32 price target from investment analysts at Goldman Sachs Group in a research note issued on Friday, January 12th. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s target price would indicate a potential upside of 24.66% from the company’s previous close.

Several other equities analysts have also commented on the stock. Societe Generale set a CHF 28 price objective on shares of ABB and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Citigroup set a CHF 21 price objective on shares of ABB and gave the stock a “sell” rating in a report on Tuesday, September 26th. JPMorgan Chase & Co. set a CHF 23.50 price objective on shares of ABB and gave the stock a “neutral” rating in a report on Monday, September 25th. Kepler Capital Markets set a CHF 28 price objective on shares of ABB and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Barclays set a CHF 26 price objective on shares of ABB and gave the stock a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of CHF 26.93.

ABB (VTX:ABBN) traded down CHF 0.36 during trading on Friday, hitting CHF 25.67. 4,970,000 shares of the stock traded hands, compared to its average volume of 3,820,000. ABB has a twelve month low of CHF 21.65 and a twelve month high of CHF 27.24. The stock has a market cap of $55,360.00 and a PE ratio of 26.46.

ILLEGAL ACTIVITY NOTICE: “Goldman Sachs Group Reiterates “CHF 32” Price Target for ABB (ABBN)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/03/abb-abbn-pt-set-at-chf-32-by-goldman-sachs-group.html.

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.

Analyst Recommendations for ABB (VTX:ABBN)

Receive News & Ratings for ABB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply