Why Accenture Stock Slumped Today
(NYSE: ACN) was in the news Tuesday for yet another of the acquisitive company's asset buys. Investors weren't particularly impressed with this one, as they generally traded out of the stock following its announcement. Accenture's share price eroded by more than 2% on a day when the S 500 index basically traded flat.
Before market open that morning, the frequently acquisitive Accenture announced that it has agreed to purchase privately held AOX. The company's asset-to-be is a Germany-based business that concentrates on software for vehicle manufacturers and the companies that supply them.
In revealing its news, Accenture did not disclose the price nor the terms of the deal.
Source Fool.com
Accenture plc A Stock
€230.05
-0.040%
With 41 Buy predictions and not a single Sell prediction Accenture plc A is an absolute favorite of our community.
With a target price of 283 € there is a positive potential of 23.02% for Accenture plc A compared to the current price of 230.05 €.
