ABB (ABBN) Given a CHF 27.60 Price Target by Barclays Analysts

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ABB (VTX:ABBN) has been assigned a CHF 27.60 price target by research analysts at Barclays in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Barclays’ price target suggests a potential upside of 19.53% from the company’s previous close.

A number of other research firms also recently commented on ABBN. Berenberg Bank set a CHF 23 target price on shares of ABB and gave the stock a “neutral” rating in a report on Wednesday, July 11th. UBS Group set a CHF 22.50 price target on shares of ABB and gave the company a “neutral” rating in a report on Tuesday, July 3rd. JPMorgan Chase & Co. set a CHF 22.50 price target on shares of ABB and gave the company a “neutral” rating in a report on Tuesday, June 26th. Citigroup set a CHF 28 price target on shares of ABB and gave the company a “buy” rating in a report on Tuesday. Finally, Goldman Sachs Group set a CHF 32 price target on shares of ABB and gave the company a “buy” rating in a report on Monday, July 16th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. ABB presently has a consensus rating of “Hold” and an average target price of CHF 25.96.

VTX ABBN opened at CHF 23.09 on Thursday. ABB has a 12 month low of CHF 21.65 and a 12 month high of CHF 27.24.

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for ABB (VTX:ABBN)

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