The brokerage now has a neutral rating on the stock. Deutsche Bank's target price suggests a potential upside of 10.95% from the company's current price.
A number of other research analysts have also recently commented on ABBN.
Jefferies Group set a CHF 290 price target on Roche (VTX:ROG) in a research report report published on Monday, February 26th. Barclays set a CHF 94.30 price target on Swiss Re and gave the company a "buy" rating in a research note on Thursday, February 1st. Commerzbank set a CHF 98 price target on Swiss Re and gave the company a "sell" rating in a research note on Monday, January 22nd. Sanford C. Bernstein set a CHF 66 price objective on shares of Lafargeholcim and gave the company a "buy" rating in a research note on Friday, March 2nd. Barclays set a CHF 30 target price on ABB and gave the stock a "buy" rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company now has an average rating of "Hold" and an average price target of CHF 26.30.
Shares of ABB (ABBN) traded up CHF 0.26 during trading on Wednesday, hitting CHF 23.31. The stock had a trading volume of 4,530,000 shares, compared to its average volume of 7,350,000. The firm has a market cap of $32,310.00 and a P/E ratio of -18.81. Nestle has a one year low of CHF 73.34 and a one year high of CHF 86.40.
ILLEGAL ACTIVITY NOTICE: This news story was first posted by BBNS and is the sole property of of BBNS. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark laws. The Company's segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. Its Reinsurance Unit provides premiums and fee income through Property&Casualty and Life&Health segments.