Barclays PLC (NYSE: BCS) Boosts Estimates on Accenture (NYSE: ACN)

Equities research analysts at Barclays PLC (NYSE: BCS) raised their earnings per share estimates on shares of Accenture (NYSE: ACN) from $2.98 to $2.99 for 2011. Their 2010 earnings per share estimates remained flat at $2.62. The analysts reiterated an “overweight” rating and a $48.00 price target in a research note to investors on Wednesday.

Accenture plc is a management consulting, technology services and outsourcing company. The Company helps clients improve operational performance, deliver their products and services, increase revenues in markets and identify and enter new markets. Its business is organized in five operating groups: Communications & High Tech, Financial Services, Health & Public Service, Products and Resources. In October 2009, the Company acquired Symbian Professional Services from Nokia Corporation. In February 2010, the Company completed the acquisition of RiskControl, a consulting company based in Rio de Janeiro. In July 2010, the Company acquired Acceria.

Shares of ACN traded up 0.91% during mid-day trading on Wednesday.

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