Analyst Rating Update on Acco Brands Corporation (ACCO)

Acco Brands Corporation (NYSE:ACCO) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Acco Brands Corporation (NYSE:ACCO) : Currently there are 2 street experts covering Acco Brands Corporation (NYSE:ACCO) stock. The most bullish and bearish price target for the stock is $11 and $10 respectively for the short term. The average price target of all the analysts comes to $10.5. The estimated standard deviation from the target is $0.71.

For the current week, the company shares have a recommendation consensus of Buy.

Acco Brands Corporation (NYSE:ACCO): stock turned positive on Tuesday. Though the stock opened at $9.9, the bulls momentum made the stock top out at $10.1 level for the day. The stock recorded a low of $9.76 and closed the trading day at $9.79, in the green by 0.20%. The total traded volume for the day was 1,032,235. The stock had closed at $9.77 in the previous days trading.

In an insider trading activity, Mccormack Gregory J., officer (Sr. Vice Pres, Global Products) of Acco Brands Corp, unloaded 29,254 shares at an average price of $7.72 on August 4, 2015. The total amount of the transaction was worth $225,841, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products and select computer and electronic accessories. The Company sells its products to consumers and commercial end users primarily through resellers, including traditional office supply resellers, wholesalers, and retailers, including online retailers. The company is organized into three business segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. ACCO Brands North America and ACCO Brands International manufacture, source and sell traditional office products, school supplies and calendar products. The Companys Computer Products Group designs, sources, distributes, markets and sells accessories for laptop and desktop computers and tablets. The Company sells its products primarily to markets located in the United States, Northern Europe, Canada, Australia, Brazil and Mexico.

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