Goldman Sachs Group Inc. Has Just Given ABB (VTX:ABBN) a Lower Rating. The Target is EUR 15.10


ABB (VTX:ABBN) Receives a Downgrade

The stock rating of ABB (VTX:ABBN) was cut by stock research analysts at Goldman Sachs Group Inc. to a Sell. This has been announced in an interesting research report issued to clients on Friday, 4 December. Goldman Sachs Group Inc. currently has a EUR 15.10 target price per share on the shares, which would possibly suggest a possible downside of -19.64%.

From a total of 8 analysts covering ABB (VTX:ABBN) stock, 1 rate it a ”Buy”, 3 a “Sell”, and 4 a ”Hold”. This means that 13% of the ratings are positive. The highest target price is €22 while the lowest target price is €16. The mean of all analyst targets is €18.66 with a -0.69% below today’s (€18.79) stock price. ABB was the topic of 17 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs downgraded shares on November 24 to “Sell” rating. Goldman Sachs downgraded shares to “Sell” rating and €16 target share price in a report from a September 19. S&P Research maintained ABBN stock in a recent report from October 22 with “Hold” rating. UBS downgraded the rating on September 19. UBS has a “Sell” rating and a €18 price target on shares. Finally, UBS downgraded the stock to “Sell” rating in a report issued on an October 3.

The stock decreased 1.47% or EUR 0.28 on December 3, striking EUR 18.79. Approximately 9.84 million shares of stock traded hands or 45.56% up from the average. ABB Ltd. (VTX:ABBN) has declined 4.76% since May 7, 2015 and is downtrending. It has underperformed by 4.48% the S&P500.

 Goldman Sachs Group Inc. Has Just Given ABB (VTX:ABBN) a Lower Rating. The Target is EUR 15.10

ABB Ltd is engaged in power and automation technologies. The company has a market cap of 43.17 billion EUR. The Firm manages its business on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. It has 17.34 P/E ratio. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications.