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New Buy Rating for Accenture (ACN), the Technology Giant

Barclays analyst Ramsey El Assal maintained a Buy rating on Accenture (ACNResearch Report) on September 23 and set a price target of $340.00. The company’s shares closed last Friday at $259.98.

El Assal covers the Services sector, focusing on stocks such as Fleetcor Technologies, Paypal Holdings, and Green Dot. According to TipRanks, El Assal has an average return of -1.5% and a 43.88% success rate on recommended stocks.

Accenture has an analyst consensus of Moderate Buy, with a price target consensus of $324.24, implying a 24.72% upside from current levels. In a report released on September 23, Citigroup also maintained a Buy rating on the stock with a $305.00 price target.

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The company has a one-year high of $413.58 and a one-year low of $256.20. Currently, Accenture has an average volume of 1.97M.

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Accenture Plc is a multinational professional services company, which provides management consulting, technology, and outsourcing services. The company generates revenues from five industry groups, including Communications, Media, and Technology; Financial Services; Health and Public Service; Products; and Resources. The company was founded in 1989 and is based in Dublin, Ireland.

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