ABB Ltd (OTCMKTS:ABBNY) Receives $58.00 Consensus Target Price from Analysts

Shares of ABB Ltd (OTCMKTS:ABBNY – Get Free Report) have been assigned a consensus rating of “Reduce” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $58.00.

Several research firms recently weighed in on ABBNY. Citigroup reissued a “neutral” rating on shares of ABB in a research report on Thursday, June 18th. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research note on Wednesday, May 6th. Kepler Capital Markets lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Zacks Research lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Berenberg Bank upgraded ABB to a “hold” rating in a research note on Monday, June 1st.

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ABB Stock Performance

Shares of ABB stock opened at $103.90 on Tuesday. The stock has a market cap of $189.43 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 1.69 and a beta of 1.36. ABB has a 12 month low of $58.56 and a 12 month high of $110.20. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $103.51 and a 200-day simple moving average of $89.53.

ABB Company Profile

(Get Free Report)

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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