Berenberg Bank Believes Accenture (NYSE: ACN) Still Has Room to Grow

By Jason Carr

Berenberg Bank analyst Georgios Kertsos maintained a Buy rating on Accenture (ACNResearch Report) on March 28 and set a price target of $190. The company’s shares closed on Friday at $176.02, close to its 52-week high of $177.49.

According to TipRanks.com, Kertsos is a 4-star analyst with an average return of 14.4% and a 65.2% success rate. Kertsos covers the Technology sector, focusing on stocks such as DXC Technology Company, Epam Systems Inc, and Infosys Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Accenture with a $182.08 average price target, implying a 3.4% upside from current levels. In a report issued on March 20, Wells Fargo also reiterated a Buy rating on the stock with a $181 price target.

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Accenture’s market cap is currently $112.3B and has a P/E ratio of 25.62. The company has a Price to Book ratio of 8.42.

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