In a report released today, Simon Toennessen from Jefferies maintained a Hold rating on ABB Ltd (0NX2 – Research Report), with a price target of CHF50.00. The company’s shares closed yesterday at CHF50.25.
According to TipRanks, Toennessen is a 2-star analyst with an average return of 0.7% and a 50.00% success rate.
The word on The Street in general, suggests a Hold analyst consensus rating for ABB Ltd with a CHF46.25 average price target, implying a -7.97% downside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a CHF45.00 price target.
The company has a one-year high of CHF52.48 and a one-year low of CHF29.19. Currently, ABB Ltd has an average volume of 217.6K.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NX2 in relation to earlier this year.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
ABB Ltd (0NX2) Company Description:
ABB is a global supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies–ASEA and BBC–and is now called Asea Brown Boveri Group, or ABB. The company is the number-one or number-two supplier in all of its core markets and the number-two robotic arm supplier globally. In automation, it offers a full suite of products for both discrete and process automation as well as robotics.
