Accenture Plc (ACN) is Initiated by Berenberg to Buy, Price Target at $140

Accenture Plc (ACN) was Initiated by Berenberg to “Buy” and the brokerage firm has set the Price Target at $140. Berenberg advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on Accenture Plc. Accenture Plc was Upgraded by Societe Generale to ” Buy” on Sep 26, 2016. Wedbush Initiated Accenture Plc on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $125.

On the company’s financial health, Accenture Plc reported $1.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Sep 29, 2016. Analyst had a consensus of $1.30. The company had revenue of $8489.20 million for the quarter, compared to analysts expectations of $8439.62 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Accenture Plc closed down -0.49 points or -0.42% at $116.97 with 27,08,225 shares getting traded on Tuesday. Post opening the session at $117.38, the shares hit an intraday low of $116.21 and an intraday high of $117.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 6, 2016, Pierre Nanterme (Chairman & CEO) sold 44,625 shares at $118.04 per share price. According to the SEC, on Oct 4, 2016, Robert E Sell (Grp Chief Exec-Com, Med & Tech) sold 1,200 shares at $121.79 per share price. On Oct 4, 2016, Richard Lumb (Group Chief Executive-Fin Serv) sold 1,250 shares at $121.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Accenture plc is engaged in providing management consulting technology and outsourcing services. The Company’s business is structured around five operating groups which together consists of 19 industry groups serving clients in industries globally. The Company’s 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.

Accenture Plc

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