Deutsche Bank Analysts Give ABB (ABBN) a CHF 30 Price Target

ABB (VTX:ABBN) has been assigned a CHF 30 target price by stock analysts at Deutsche Bank in a research note issued on Wednesday, January 17th. The firm presently has a “buy” rating on the stock. Deutsche Bank’s target price points to a potential upside of 32.16% from the company’s previous close.

Several other research firms have also commented on ABBN. Barclays set a CHF 30 price objective on ABB and gave the stock a “buy” rating in a research note on Wednesday, November 8th. UBS Group set a CHF 21 price objective on ABB and gave the stock a “sell” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. set a CHF 24 price objective on ABB and gave the stock a “neutral” rating in a research note on Monday, October 30th. Kepler Capital Markets set a CHF 28 price objective on ABB and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Goldman Sachs Group set a CHF 31 price objective on ABB and gave the stock a “buy” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of CHF 26.89.

Shares of ABB (ABBN) traded down CHF 0.37 during trading on Wednesday, hitting CHF 22.70. The company had a trading volume of 15,830,000 shares, compared to its average volume of 4,740,000. ABB has a 1 year low of CHF 21.65 and a 1 year high of CHF 27.24. The stock has a market cap of $48,820.00 and a price-to-earnings ratio of 23.16.

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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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