Analysts Set ABB Ltd. (VTX:ABBN) Target Price at $23.36

Shares of ABB Ltd. (VTX:ABBN) have earned an average recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is CHF 23.36.

ABBN has been the subject of several recent analyst reports. Royal Bank of Canada set a CHF 21 price target on ABB and gave the stock a “neutral” rating in a research note on Monday, February 25th. UBS Group set a CHF 20.50 price target on ABB and gave the stock a “neutral” rating in a research note on Thursday, February 28th. JPMorgan Chase & Co. set a CHF 18.50 price target on ABB and gave the stock a “sell” rating in a research note on Monday, February 25th. Kepler Capital Markets set a CHF 24 price target on ABB and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Deutsche Bank set a CHF 24 price target on ABB and gave the stock a “buy” rating in a research note on Tuesday, May 21st.

ABB has a 1-year low of CHF 21.65 and a 1-year high of CHF 27.24.

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.

See Also: Bid-Ask Spread

Analyst Recommendations for ABB (VTX:ABBN)

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