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.
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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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