Accenture plc. (ACN) : Analyst Rating Update

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 2, which recommends a Buy 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. (ACN) : The highest level Accenture plc. (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. (NYSE:ACN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.63 and $111.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $113.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.52, notching a gain of 0.37% for the day. The total traded volume was 2,667,246 . The stock had closed at $113.10 on the previous day.

Also, Equity analysts at the Brokerage firm Credit Suisse downgrades its rating on Accenture plc. (NYSE:ACN). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The Analysts at Credit Suisse maintains a current price target of $120 per share. The rating by the firm was issued on June 24, 2016. The company shares have rallied 15.86% 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 $116.96 and the 200 Day Moving Average price is recorded at $109.25.

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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