Accenture PLC (NYSE:ACN) Rating Restated
In an analyst note sent to investors and clients on Wednesday, 28 September, Accenture PLC (NYSE:ACN) stock “Neutral” was reconfirmed at Citigroup. They currently have a $116.00 target on the stock. Citigroup’s target indicates a potential downside of 0.00 % from the company’s stock close price.
NYSE:ACN is currently trading 1.71% higher at $115.67 as of 04:05 New York time. Accenture PLC’s stock is up 7.93% over the last 200 days. It has outperformed the Standard & Poor’s 500 index, which has added 5.25% over the same time period.
According to data compiled by Thomson Reuters, Accenture PLC (NYSE:ACN)’s stock is covered by 23 equity analysts across the Street, with 0 analysts giving it a Sell rating, 16 a Buy rating, while 13 consider it a Hold. The 12-month consensus target price for the stock is $123.24, which reflects an upside potential of 6.54% over the current price.
NYSE:ACN Price Chart & Trend
The stock price of Accenture PLC has increased 7.93% over the last 200 days, and is in unstable up trend. In the last 50 and 100 days, Accenture PLC is up 1.74% and up 1.8%, respectively. Our stocks momentum model is shown on the price chart below.
Sloane Robinson Llp had the biggest stake with ownership of 305,400 shares as of q2 2015 for 29.07% of the US long stock exposure. Csu Producer Resources Inc. is another bullish investment manager who is having 20,000 shares of Accenture PLC or 15.51% of their US long stock exposure. In addition, Praesidium Investment Management Company Llc have 14.48% of their US long stock exposure invested in the company for 1.77M shares. The United Kingdom-based fund Independent Franchise Partners Llp disclosed it had purchased so far a stake worth about 7.84% of the investment manager’s stock portfolio in Accenture PLC. The Wisconsin-based fund Provident Trust Co is also positive about the stock, possessing 6.87M shares or 6.99% of their US long stock exposure.
Accenture PLC (NYSE:ACN) Profile
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.
Accenture PLC (NYSE:ACN) traded up 1.71% on 28 September, hitting $115.67. A total of 1.29 million shares of the company’s stock traded hands. This is down from average of 2.11 million shares. Accenture PLC has a 52 week low of $91.40 and a 52 week high of $120.78. The company has a market cap of $74.89 billion and a P/E ratio of 19.53.
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