ABB Ltd. (ABBN) Given a CHF 23.50 Price Target by Deutsche Bank AG Analysts

ABB Ltd. (VTX:ABBN) has been assigned a CHF 23.50 price objective by analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday. The firm presently has a “neutral” rating on the stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley set a CHF 25 target price on shares of ABB and gave the stock a “neutral” rating in a research report on Friday, July 21st. Citigroup Inc. set a CHF 21 target price on shares of ABB and gave the stock a “sell” rating in a research report on Thursday, September 7th. J P Morgan Chase & Co set a CHF 23.50 target price on shares of ABB and gave the stock a “neutral” rating in a research report on Friday, July 21st. UBS AG set a CHF 21 target price on shares of ABB and gave the stock a “sell” rating in a research report on Tuesday, October 17th. Finally, Goldman Sachs Group, Inc. (The) set a CHF 25 target price on shares of ABB and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of CHF 24.25.

ABB (VTX ABBN) traded up 1.27% during midday trading on Wednesday, reaching CHK 26.41. 4,863,017 shares of the company’s stock were exchanged. ABB has a 52 week low of CHK 19.72 and a 52 week high of CHK 26.54. The stock’s 50 day moving average is CHK 24.31 and its 200 day moving average is CHK 23.75. The firm has a market capitalization of CHK 56.36 billion and a P/E ratio of 25.44.

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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.

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