Accenture plc. (ACN) Receives Price Target

Accenture plc. (ACN) stock is expected to deviate a maximum of $7.33 from the average target price of $124.23 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $132 and the most muted being $111.

Accenture plc. (ACN) : 17 analysts are covering Accenture plc. (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. (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.


Also, Pacific Crest initiates coverage on Accenture plc. (NYSE:ACN). The rating major has initiated the coverage with overweight rating on the shares. The rating by the firm was issued on July 12, 2016.

Accenture plc. (NYSE:ACN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $114.75 and $114.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $115.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $115.06, notching a gain of 0.05% for the day. The total traded volume was 1,572,686 . The stock had closed at $115.00 on the previous day.

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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