Accenture PLC (NYSE:ACN) Has Just Had Its Target Price per Share Heightened by Equity Research Analysts at Societe Generale to $108.00

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Stock Analysis:Accenture PLC (NYSE:ACN) Price Target Change

In a recent research report sent to investors and clients by Societe Generale on Wednesday morning, Accenture PLC (NYSE:ACN) had its PT raised to $108.00. The firm presently has a solid Hold rating on shares.

From a total of 22 analysts covering Accenture Plc (NYSE:ACN) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 14 a ”Hold”. This means that 48% of the ratings are positive. The highest target price is $116 while the lowest target price is $90. The mean of all analyst targets is $106.68 with a 2.17% above today’s ($108.22) stock price. Accenture Plc was the topic of 8 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. Cantor Fitzgerald initiated shares on October 16 with “Buy” rating. Argus Research upgraded ACN stock in a recent report from September 8 to “Buy” rating.

Approximately 258,771 shares of stock traded hands. Accenture Plc (NYSE:ACN) has risen 15.46% since April 29, 2015 and is uptrending. It has outperformed by 15.66% the S&P500.

Accenture PLC (NYSE:ACN) Has Just Had Its Target Price per Share Heightened by Equity Research Analysts at Societe Generale to $108.00

Analysts await Accenture Plc (NYSE:ACN) to reports earnings on December, 17. They expect $1.31 earnings per share, up 1.55% or $0.02 from last year’s $1.29 per share. ACN’s profit will be $856.67M for 20.65 P/E if the $1.31 EPS becomes reality. After $1.15 actual earnings per share reported by Accenture Plc for the previous quarter, Wall Street now forecasts 13.91% EPS growth.

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The company has a market cap of $70.77 billion. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. It has 22.73 P/E ratio. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.

According to Zacks Investment Research, “Accenture Plc is a management consulting, technology services and outsourcing organization. The Company’s business is structured around five operating groups, namely, Communications & High Tech, Financial Services, Products, Public Service and Resources. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. Accenture Plc is headquartered in New York.” Get a free copy of the Zacks research report on Accenture Plc (ACN).

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