Accenture Plc (ACN) Given New $61.00 Price Target by Barclays Capital (BCS) Analysts.
Wednesday, August 24, 2021 2:55 PM

Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Accenture Plc (NYSE: ACN) from $67.00 to $61.00 in a research note to investors on Wednesday. The analysts currently have an "overweight" rating on the stock.

Separately, analysts at BMO Capital Markets initiated coverage on shares of Accenture Plc in a research note to investors on Wednesday, August 3rd. They set a "market perform" rating and a $70.00 price target on the stock. Also, analysts at Citigroup (NYSE: C) reiterated a "buy" rating on shares of Accenture Plc in a research note to investors on Tuesday, July 19th.

Shares of Accenture Plc traded down 0.10% during mid-day trading on Thursday, hitting $50.42. Accenture Plc has a 52 week low of $36.45 and a 52 week high of $63.66. The stock's 50-day moving average is $57.82 and its 200-day moving average is $55.51. The company has a market cap of $32.492 billion and a price-to-earnings ratio of 16.02.

Accenture Plc last announced its quarterly results on Thursday, June 23rd. The company reported $0.93 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.89 EPS by $0.04. The company’s quarterly revenue was up 20.6% on a year-over-year basis. On average, analysts predict that Accenture Plc will post $0.92 EPS next quarter.

Accenture plc (Accenture) is a management consulting, technology services and outsourcing company, which has offices and operations in more than 200 cities in 53 countries. Its business is organized in five operating groups and their 19 industry groups. Its five operating groups include communications & high tech, financial services, health & public service, products and resources. In November 2010, the Company acquired Knowledge Rules, Inc., a Philadelphia-based consulting company that focuses on implementing and integrating business solutions using Pegasystems Business Process Management (BPM) software. In November 2010, the Company acquired Beijing Genesis Interactive Technology Co., Ltd., a Beijing-based embedded software services company that provides mobile software outsourcing services and solution licensing for companies in China.

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