Accenture plc. (ACN) Receives ‘Analyst’ Rating

Accenture plc. (ACN) : Zacks Investment Research ranks Accenture plc. (ACN) as 4, which is a Sell recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2, which indicates as a Buy.

Accenture plc. (ACN) : The highest level Accenture plc. (ACN) is projected to reach is $132 for the short term and the lowest estimate is at $111. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $124.29 and the possibility the share price can swing is $7.04.


Also, Wedbush initiates coverage on Accenture plc. (NYSE:ACN) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $125 per share. The rating by the firm was issued on September 9, 2016.

Accenture plc. (NYSE:ACN): After opening at $109.64, the stock dipped to an intraday low of $108.831 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $111.42 and the buying power remained strong till the end. The stock closed at $110.72 for the day, a gain of 0.84% for the day session. The total traded volume was 2,905,821. The stocks close on the previous trading day was $109.8.

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Companys business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Companys segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. The Communications, Media & Technology segment serves the communications, electronics, technology, media and entertainment industries. The Financial Services segment serves the banking, capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers, government departments, public service organizations, educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals, energy, forest products, metals and mining, utilities and related industries.

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