ABB Ltd ABB (NYSE:ABB) Rating Maintained

In a note published on Monday morning, ABB Ltd ABB (NYSE:ABB) stock had its “Sell” Rating maintained by analysts at Citigroup.

NYSE:ABB is at the moment trading -1.22% lower at $25.04 as of 8:28 AM New York time. ABB Ltd ABB’s stock is 0% in the past 200 days. It has underperformed the S&P 500, which has added 6.00% in the same time period.

According to data compiled by Thomson Reuters, ABB Ltd ABB (NYSE:ABB)’s stock is covered by 5 equity analysts across the Street, with 1 analysts giving it a Sell rating, 0 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $19.4, which reflects an downside potential of 22.52% over the current price.

ABB Ltd ABB (NYSE:ABB) 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.

ABB Ltd ABB (NYSE:ABB) traded down -1.22% on 12 June, hitting $25.04. A total of 1.23 million shares of the company’s stock traded hands. This is down from average of 1.76 million shares. ABB Ltd ABB has a 52 week low of $18.72 and a 52 week high of $25.83. The company has a market cap of $55.63 billion and a P/E ratio of 25.48.

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The post Citigroup Reaffirmed ABB Ltd ABB (NYSE:ABB) as “Sell” appeared first on Octafinance.