ABB (VTX:ABBN) Given a CHF 28 Price Target by Bank of America Analysts

ABB (VTX:ABBN) has been given a CHF 28 price objective by investment analysts at Bank of America in a report issued on Tuesday, January 9th. The brokerage currently has a “neutral” rating on the stock. Bank of America’s price objective suggests a potential upside of 4.63% from the company’s previous close.

A number of other brokerages have also recently weighed in on ABBN. Goldman Sachs Group set a CHF 31 price objective on shares of ABB and gave the stock a “buy” rating in a research note on Friday, January 5th. Barclays set a CHF 30 price objective on shares of ABB and gave the stock a “buy” rating in a research note on Wednesday, November 8th. JPMorgan Chase & Co. set a CHF 24 target price on shares of ABB and gave the stock a “neutral” rating in a research note on Tuesday, January 2nd. Kepler Capital Markets set a CHF 28 target price on shares of ABB and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, UBS Group set a CHF 21 target price on shares of ABB and gave the stock a “sell” rating in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. ABB has an average rating of “Hold” and a consensus price target of CHF 26.85.

Shares of ABB (VTX ABBN) traded down CHF 0.34 on Tuesday, hitting CHF 26.76. 5,300,000 shares of the stock were exchanged, compared to its average volume of 4,480,000. ABB has a fifty-two week low of CHF 21.65 and a fifty-two week high of CHF 27.18. The stock has a market cap of $57,810.00 and a PE ratio of 26.50.

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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)

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