ABB Ltd with ticker code (ABB) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 45.28 and 39 with the average target price sitting at 41.57. Given that the stocks previous close was at 34.29 this indicates there is a potential upside of 21.2%. The 50 day moving average now sits at 36.52 and the 200 moving average now moves to 35.35. The company has a market cap of $66,406m. Company Website: https://www.global.abb/group/
The potential market cap would be $80,504m based on the market concensus.
ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions for integrating and automating lighting, heating, ventilation, security, and data communication networks. The company’s Robotics & Discrete Automation segments provides industrial robots, software, robotic solutions and systems, field services, spare parts, and digital services. This segment also offers solutions based on its programmable logic controllers, industrial PCs, servo motion, transport systems, and machine vision. Its Industrial Automation segment develops and sells industry-specific, integrated automation, and electrification systems and solutions, as well as digital solutions, lifecycle services, and artificial intelligence applications for the process and hybrid industries. This segment also offers process and discrete control technologies, advanced process control software and manufacturing execution systems, sensing, measurement, analytical instrumentation, electric ship propulsion systems, and large turbochargers, as well as remote monitoring, preventive maintenance, asset performance management, and cybersecurity services. The company’s Motion segment manufactures and sells drives, motors, generators, traction converters, and mechanical power transmission products. ABB Ltd has a strategic collaboration with IBM. ABB Ltd was founded in 1883 and is headquartered in Zurich, Switzerland.
