Analyst Rating Update on Acco Brands Corporation (ACCO)

Acco Brands Corporation (ACCO) : 3 analysts are covering Acco Brands Corporation (ACCO) and their average rating on the stock is 2.33, which is read as a Buy. 1 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. 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 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Acco Brands Corporation (ACCO) : The highest level Acco Brands Corporation (ACCO) is projected to reach is $11 for the short term and the lowest estimate is at $10. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $10.5 and the possibility the share price can swing is $0.71.

For the current week, the company shares have a recommendation consensus of Buy.


Acco Brands Corporation (NYSE:ACCO): The stock opened at $10.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.24 for the day. The stock traded down to $9.83 during the day, due to lack of any buying support eventually closed down at $10.06 with a loss of -1.76% for the day. The stock had closed at $10.24 on the previous day. The total traded volume was 1,323,991 shares.

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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