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 2, which recommends a Buy 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 short term price target forecast on Acco Brands Corporation (ACCO) is $11 and the lowest target price is $10. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $10.5 with a standard deviation of $0.71.
For the current week, the company shares have a recommendation consensus of Buy. Acco Brands Corporation (NYSE:ACCO): The stock opened at $10.19 on Thursday but the bulls could not build on the opening and the stock topped out at $10.23 for the day. The stock traded down to $9.98 during the day, due to lack of any buying support eventually closed down at $10.09 with a loss of -0.69% for the day. The stock had closed at $10.16 on the previous day. The total traded volume was 600,512 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. Vice Pres, Global Products) of Acco Brands Corp, Mccormack Gregory J. had sold 29,254 shares worth of $225,841 in a transaction dated August 4, 2015. In this transaction, 29,254 shares were sold at $7.72 per share.
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.