Price Target Update on Accenture plc. (NYSE:ACN)

Accenture plc. (NYSE:ACN) : 13 Wall Street analysts covering Accenture plc. (NYSE:ACN) believe that the average level the stock could reach for the short term is $122.85. The maximum price target given is $131 and the minimum target for short term is around $110, hence the standard deviation is calculated at $7.17.

Other Equity analysts have also commented on the company shares. Cowen & Company maintains their rating on the shares of Accenture plc. (NYSE:ACN). The current rating of the shares is Outperform. Equity Analysts at the Firm raises the price target to $130 per share from $118 per share. The rating by the firm was issued on May 31, 2016.

Accenture plc. (NYSE:ACN): On Thursdays trading session , Opening price of the stock was $118.54 with an intraday high of $118.91. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $116.5. However, the stock managed to close at $118.91, a loss of 0.10% for the day. On the previous day, the stock had closed at $119.03. The total traded volume of the day was 2,858,771 shares.

The company shares have rallied 19.65% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $120.78 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $117.58 and the 200 Day Moving Average price is recorded at $108.85. On the companys insider trading activities, Lumb Richard, officer (Group Chief Executive-Fin Serv) of Accenture Plc, unloaded 2,500 shares at an average price of $116.45 on May 11, 2016. The total amount of the transaction was worth $291,125, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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