ABB Ltd : Towards the breakout of a major resistance level
| Entry price | Target | Stop-loss | Potential |
|---|
|
CHF 50.88 |
CHF 56 |
CHF 47 |
+10.06% |
|---|
ABB Ltd shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company has a good ESG score relative to its sector, according to Refinitiv.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Over the past four months, analysts' average price target has been revised upwards significantly.
● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
● Historically, the company has been releasing figures that are above expectations.
● With a 2024 P/E ratio at 23.13 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
● In relation to the value of its tangible assets, the company's valuation appears relatively high.
● The valuation of the company is particularly high given the cash flows generated by its activity.
● Over the past twelve months, analysts' opinions have been revised negatively.
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ABB LTD 
