Deutsche Bank Raises Price Target on Accenture (ACN)

Deutsche Bank Raises Price Target on Accenture (ACN)

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Analysts at Deutsche Bank believe that shares of Accenture plc. (ACN) will rebound on increased demand in the second half of 2013. As such, the analysts boosted the price target of the management consulting firm on Monday.

Deutsche Bank now sees shares reaching $87, which suggests an 11% upside to Friday’s closing price of $78.35.

Accenture shares were inactive during pre-market trading on Monday. The stock is up +28.74% over the past twelve months.

The Bottom Line
Shares of Accenture (ACN) have a dividend yield of 2.07% based on Friday’s closing price of $78.35 and the company’s annualized dividend payout of $1.62 per share.

Accenture plc (ACN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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