Barclays Maintains Accenture Plc to Equal-weight with Price Target $128.00

Brokerage firm Barclays Maintains its rating on Accenture Plc(NYSE:ACN). In a research note issued to the investors, the brokerage major Raises the price-target to $128.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 30, 2016.

In a different note, On Sep 28, 2016, Citigroup said it Maintains its rating on Accenture Plc. In the research note, the firm Raises the price-target to $115.50 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 26, 2016, Societe Generale said it Upgrades its rating on Accenture Plc. The shares have been rated ‘Buy’ by the firm. Wedbush said it Initiates Coverage on Accenture Plc, according to a research note issued on Sep 9, 2016. The shares have been rated ‘Outperform’ by the firm. Pacific Crest said it Initiates Coverage on Accenture Plc, according to a research note issued on Jul 12, 2016. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Accenture Plc. In the research note, the firm Raises the price-target to $110.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Accenture Plc (ACN) shares turned negative on Tuesdays trading session with the shares closing down -2.62 points or -2.17% at a volume of 39,73,660. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $121.44. The peak price level was also seen at $121.44 while the days lowest was $117.755. Finally the shares closed at $118.24. The 52-week high of the shares is $124.96 while the 52-week low is $91.4. According to the latest information available, the market cap of the company is $76,233 M.

Accenture Plc(ACN) last announced its earnings results on Sep 29, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $8.49B. Analysts had an estimated revenue of $8.42B. Earnings per share were $1.31. Analysts had estimated an EPS of $1.30.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Richard Lumb (Group Chief Executive-Fin Serv) sold 1,250 shares at $113.12 per share price.Also, On Jun 30, 2016, Pierre Nanterme (Chairman & CEO) sold 46,739 shares at $111.32 per share price.On Jun 29, 2016, ‘t Noordende Alexander M Van (Group Chief Exec-Products) sold 7,929 shares at $110.18 per share price, according to the Form-4 filing with the securities and exchange commission.

Accenture plc is engaged in providing management consulting technology and outsourcing services. The Company’s business is structured around five operating groups which together consists of 19 industry groups serving clients in industries globally. The Company’s 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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