Interpublic (NYSE:IPG) target bumped up to $27.00, issued a ratings update today by RBC Capital Markets
- Updated: October 7, 2016
Having a price of $22.42, Interpublic (NYSE:IPG) traded 0.45% higher on the day. With the last close down -4.06% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Interpublic has recorded a 50-day average of $22.65 and a two hundred day average of $23.15. Volume of trade was down over the average, with 3,376,584 shares of IPG changing hands under the typical 3,989,780
In a statement issued on Friday October 07, 2016 RBC Capital Markets increased the stock price target of Interpublic (NYSE:IPG) to $27.00 indicating a possible upside of 0.20%.
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Interpublic has a 52 week low of $19.79 and a 52 week high of $24.82 with a PE ratio of 18.45 Interpublic’s market capitalization is currently $0.
In addition to RBC Capital Markets reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $25.50 with five equity analysts rating the company a strong buy, 8 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell.
More About Interpublic (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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