Accenture plc (NYSE: ACN) Stock Increased 0.86% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Accenture plc (NYSE:ACN) does about 2.71M shares in volume on a normal day but saw 1786858 shares change hands in Friday’s trading. The company now has a market cap of 192.60B USD. Its current market price is $306.33, marking a decrease of -0.09% compared to the previous close of $306.61. The 52 week high reached by this stock is $387.51 whilst the lowest price level in 52 weeks is $264.42.

Accenture plc (ACN) has a 20-day trading average at $309.39 and the current price is -20.95% off the 52-week high compared with 15.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $336.69 and its 200-day simple moving average is $332.75. If we look at the stock’s price movements over the week, volatility stands at 1.30%, which increases to 1.53% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 37.12 to suggest the stock is neutral.

The consensus objective for the share price is $388.78, suggesting that the stock has a potential upside of 21.21% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 21, 2024 when Susquehanna downgraded the stock to “Neutral” and issued a price target of between $400 and $360. Mizuho initiated its price target at $426.

Accenture plc (ACN) stock is up 0.86% over the week and -5.80% over the past month. Its price is -12.70% year-to-date and 13.92% over the past year.

To reach the target analysts have set, the stock logically needs to grow 21.21 percent from here.

The company has a return on investment of 23.84% and return on equity of 27.64%. The price to earnings ratio (P/E ratio) amounts to 27.77 while the forward price to earnings ratio is 23.42. The beta has a value of 1.23. Price to book ratio is 7.10 and price to sales ratio is 2.98.