Morgan Stanley Reiterates “CHF 25” Price Target for ABB Ltd. (VTX:ABBN)
A number of other research firms have also recently issued reports on ABBN. Deutsche Bank AG set a CHF 24 price target on ABB and gave the company a neutral rating in a report on Thursday, June 1st. Berenberg Bank set a CHF 21 price objective on ABB and gave the stock a sell rating in a research report on Tuesday, June 6th. J P Morgan Chase & Co set a CHF 23 target price on ABB and gave the stock a neutral rating in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) set a CHF 24 price objective on ABB and gave the company a neutral rating in a report on Thursday, June 29th. Finally, Citigroup Inc. set a CHF 21 price objective on ABB and gave the company a sell rating in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. ABB has an average rating of Hold and a consensus target price of CHF 23.69.
Shares of ABB (ABBN) traded down 0.04% during mid-day trading on Wednesday, reaching CHK 22.75. 4,983,476 shares of the company traded hands. ABB has a 52 week low of CHK 19.48 and a 52 week high of CHK 24.89. The stock’s 50-day moving average is CHK 23.77 and its 200-day moving average is CHK 23.56.
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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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