Acco Brands Corporation (ACCO) : Analyst Rating Update

Acco Brands Corporation (ACCO) : Zacks Investment Research ranks Acco Brands Corporation (ACCO) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 2.33, which indicates as a Buy.

Acco Brands Corporation (ACCO) : Currently there are 2 street experts covering Acco Brands Corporation (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.

Acco Brands Corporation (NYSE:ACCO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.21 and $10.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.26, notching a gain of 0.10% for the day. The total traded volume was 455,819 . The stock had closed at $10.25 on the previous day.

The company shares have rallied 36.67% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $10.75 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.13 and the 200 Day Moving Average price is recorded at $8.34.

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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