ABB Ltd (ABB) : Analyst Rating Update

ABB Ltd (ABB) : Zacks Investment Research ranks ABB Ltd (ABB) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.75, which indicates as a Hold.

ABB Ltd (ABB) : 4 investment research analysts covering ABB Ltd (ABB) have an average price target of $20.52 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $18 for the short term. Analysts expect the variance to be within $1.74 of the average price.

ABB Ltd (NYSE:ABB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.16 and $19.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.34, notching a gain of 0.16% for the day. The total traded volume was 2,143,819 . The stock had closed at $19.31 on the previous day.

Also, Major Brokerage house, JP Morgan upgrades its ratings on ABB Ltd (NYSE:ABB). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on April 20, 2016. The company shares have dropped -4.07% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $21.64 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.53 and the 200 Day Moving Average price is recorded at $19.02.

ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, transmission and distribution of electricity. The Company operates in approximately 100 countries.

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