Deutsche Bank Sticks to Their Sell Rating for ABB Ltd (0NX2)

In a report released today, Gael De-Bray from Deutsche Bank maintained a Sell rating on ABB Ltd, with a price target of CHF47.00. The company’s shares closed yesterday at CHF58.37.

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According to TipRanks, De-Bray is a 5-star analyst with an average return of 17.9% and a 63.46% success rate. De-Bray covers the Industrials sector, focusing on stocks such as LEGRAND, Schneider Electric, and Siemens.

ABB Ltd has an analyst consensus of Hold, with a price target consensus of CHF52.34, a -10.33% downside from current levels. In a report released today, Barclays also maintained a Sell rating on the stock with a CHF39.00 price target.

0NX2 market cap is currently CHF106.8B and has a P/E ratio of 29.68.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NX2 in relation to earlier this year.