Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $120.26 on Accenture plc. (NYSE:ACN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.32 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Accenture plc. (NYSE:ACN) stands at 20.55. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Accenture plc Class A Ordinary , the PEG ratio for coming 3-5 years is 2.22. Technical Analysis The technical analysis highlights that Accenture plc Class A Ordinary current price is trading $1.19 points away +1.02% from $116.85, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $108.38 and, for now, the stock price is trading $9.66 or +8.91% away from that point. The 52-week high of Accenture plc. (NYSE:ACN) was $120.15 while lowest point recorded in 52-week was $88.43. It implies if stock price makes a movement of over $-2.11, it will record a new 52-week high. In the case of $+33.48% points drop, it will touch a new 52-week low.
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