InvestorsObserver is giving Accenture Plc (ACN) an Analyst Rating Rank of 63, meaning ACN is ranked higher by analysts than 63% of stocks. The average price target for ACN is $350.6 and analyst’s rate the stock as a Strong Buy.
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What’s Happening With Accenture Plc Stock Today?
Accenture Plc (ACN) stock is trading at $386.06 as of 1:41 PM on Monday, Dec 20, a drop of -$10.38, or -2.62% from the previous closing price of $396.44. The stock has traded between $383.52 and $391.43 so far today. Volume today is light. So far 1,161,275 shares have traded compared to average volume of 2,528,707 shares. Click Here to get the full Stock Report for Accenture Plc stock.
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