A statement released today by Royal Bank Of Canada about Interpublic Group of Companies Inc (NYSE:IPG) bumps the target price to $27.00
- Updated: October 7, 2016
Displaying a price of $22.21, Interpublic Group of Companies Inc (NYSE:IPG) traded 1.71% higher on the day. The last closing price is down -2.45% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. Interpublic Group of Companies Inc has recorded a 50-day average of $22.63 and a two hundred day moving average of $23.16. 7,731,064 shares of the stock were exchanged, up from an average trading volume of 4,050,390
Indicating a possible upside of 0.22%, Royal Bank Of Canada increased the stock price target of Interpublic Group of Companies Inc (NYSE:IPG) to $27.00
With a market cap of $0, Interpublic Group of Companies Inc has one year low of $19.79 and a one year high of $24.82 with a P/E ratio of 18.76 .
Also covering Interpublic Group of Companies Inc's target, a total of 13 equity analysts have issued a ratings update on Interpublic Group of Companies Inc. The 12-month price target is $25.50 with five brokers rating the stock a strong buy, 8 firms rating the stock a buy, 4 firms rating the stock a hold, 0 equity analysts rating the company a underperform, and lastly 0 brokerages rating the stock a sell.
General Company Details For Interpublic Group of Companies Inc (NYSE:IPG)
The Interpublic Group of Companies, Inc. (IPG) is an advertising and marketing services company. IPG's companies are engaged in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup, Foote, Cone & Belding (FCB), MullenLowe Group, IPG Mediabrands, digital specialist agencies and domestic integrated agencies. CMG includes a range of specialist marketing services offerings. CMG, which includes Weber Shandwick, Cassidy, DeVries, Golin, FutureBrand, Jack Morton and Octagon Worldwide, provides clients with various services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting.
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