ABB (ABBN) Given a CHF 27 Price Target at Citigroup

ABB (VTX:ABBN) has been given a CHF 27 target price by investment analysts at Citigroup in a report issued on Thursday. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential downside of 0.48% from the company’s current price.

A number of other research firms have also weighed in on ABBN. Barclays set a CHF 30 price objective on shares of ABB and gave the company a “buy” rating in a research report on Wednesday, November 29th. Goldman Sachs Group set a CHF 25 price objective on shares of ABB and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Deutsche Bank set a CHF 29 price objective on shares of ABB and gave the company a “buy” rating in a research report on Monday, December 4th. Bank of America set a CHF 28 price objective on shares of ABB and gave the company a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley set a CHF 25 price objective on shares of ABB and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. ABB presently has an average rating of “Hold” and an average price target of CHF 26.46.

ABB (VTX ABBN) opened at CHF 27.13 on Thursday. The firm has a market cap of $58,680.00 and a P/E ratio of 26.60. ABB has a 52-week low of CHF 21.65 and a 52-week high of CHF 27.18.

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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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