Accenture (ACN) Receives a Buy from KeyBanc

By Austin Angelo

In a report released today, Arvind Ramnani from KeyBanc maintained a Buy rating on Accenture (ACNResearch Report), with a price target of $212.00. The company’s shares closed last Monday at $190.14.

According to TipRanks.com, Ramnani is a 4-star analyst with an average return of 9.2% and a 65.1% success rate. Ramnani covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Fidelity National Info, and DXC Technology Company.

Currently, the analyst consensus on Accenture is a Moderate Buy with an average price target of $203.73, implying a 4.8% upside from current levels. In a report issued on September 12, Wells Fargo also maintained a Buy rating on the stock with a $210.00 price target.

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The company has a one-year high of $202.80 and a one-year low of $132.63. Currently, Accenture has an average volume of 1.81M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.