Short Term Price Target on Accenture plc. (ACN)

Accenture plc. (NYSE:ACN) : The highest level Accenture plc. (NYSE:ACN) is projected to reach is $132 for the short term and the lowest estimate is at $110. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $123.77 and the possibility the share price can swing is $7.49.

Accenture plc has lost 4.73% in the last five trading days and dropped 4.81% in the last 4 weeks. Accenture plc has dropped 1.68% during the last 3-month period . Year-to-Date the stock performance stands at 9.46%. Also, Brokerage firm Credit Suisse downgrades its rating on Accenture plc. (NYSE:ACN). In a research note issued to the investors, the brokerage major maintains price-target of $120 per share.The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on June 24, 2016.

Accenture plc. (NYSE:ACN) : 17 analysts are covering Accenture plc. (NYSE:ACN) and their average rating on the stock is 2, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Accenture plc. (NYSE:ACN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Accenture plc. (NYSE:ACN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.32 and $112.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $113.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.29, notching a gain of 1.37% for the day. The total traded volume was 3,682,559 . The stock had closed at $111.76 on the previous day.

In an insider trading activity, 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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