Analyst Revised Target For ABB Ltd (NYSE:ABB) Stock At $21.900


ABB Ltd (NYSE:ABB) mean price target is $21.900. Thomson Reuters averaged calls of analysts that contributed in First Call census. EPS projection is $0.300 for approaching quarter and for current fiscal at $1.080. The market cap of ABB Ltd Common Stock was recorded at $47.51B after the stock closed at $22.340 in last trading day.

What The Valuation Says?

ABB Ltd (NYSE:ABB) has a P/E ratio of 28.969. Investors can ponder how the equity is accomplishing by figuring PEG ratio. ABB Ltd (NYSE:ABB) PEG ratio sits at 3.090.

Technical Perspective

Technical assessment is applied to attempt and know the price movement of tradable asset that is subject to demand and supply forces. The list of tradable assets includes stocks, futures, bonds and currency pairs. In fact, technical assessment can be observed as the examination of demand and supply as noted in the price movements of stocks. It is most recurrently used for price changes, but, some specialists may as well follow figures in addition to price, like open interest figures and trading volume.

In last many years, there have been development of numerous technical indicators by analysts in efforts to exactly predict future price activities. There are pointers that emphases predominantly on recognising the prevailing market trend, counting resistance and support ranges, while others emphases on defining the power of a trend and the chance of its extension. Frequently used technical pointers are moving averages, trend lines and momentum indicators.

The technical analysis of ABB Ltd Common Stock elucidates that the 50-day MA of ABB Ltd Common Stock is $22.359, and stock is trading $-0.024 points away or -0.107% from 50-day MA of $22.359. It is trading $1.319 or +6.279% away 200-day MA of $21.015. ABB Ltd (NYSE:ABB) 52-week high is $22.920 and the 52-week low is $15.740. If the stock gains $-0.585 points, it will smash 52-week high. Yet, if it drops +41.900%, it will break 52-week low.

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