Societe Generale Increases Accenture Plc Price Target to $84.00 (ACN)
Equities research analysts at Societe Generale increased their price objective on shares of Accenture Plc (NYSE:ACN) from $80.00 to $84.00 in a research note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Societe Generale’s target price would indicate a potential upside of 3.26% from the company’s current price.
Shares of Accenture Plc (NYSE:ACN) traded down 0.22% on Friday, hitting $81.35. 4,008,666 shares of the company’s stock traded hands. Accenture Plc has a one year low of $69.78 and a one year high of $85.88. The stock’s 50-day moving average is $81.35 and its 200-day moving average is $80.87. The company has a market cap of $51.500 billion and a price-to-earnings ratio of 20.04.
Accenture Plc (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 26th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.21 by $0.05. The company had revenue of $7.74 million for the quarter, compared to the consensus estimate of $7.55 million. During the same quarter last year, the company posted $1.14 earnings per share. Accenture Plc’s revenue was up 7.5% compared to the same quarter last year. Analysts expect that Accenture Plc will post $4.53 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Accenture Plc in a research note on Friday. They now have a $86.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Accenture Plc from $82.00 to $83.00 in a research note on Friday. They now have a “market perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Accenture Plc from $90.00 to $88.00 in a research note on Friday. They now have an “overweight” rating on the stock. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Accenture Plc has a consensus rating of “Buy” and an average target price of $87.27.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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