Short Term Price Target on Interpublic Group of Companies (The) (IPG)

Interpublic Group of Companies (The) (NYSE:IPG) : 5 investment research analysts covering Interpublic Group of Companies (The) (NYSE:IPG) have an average price target of $26.2 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $24 for the short term. Analysts expect the variance to be within $1.48 of the average price.

The Interpublic Group of Companies, Inc. has lost 6.1% in the last five trading days and dropped 3.02% in the last 4 weeks. The Interpublic Group of Companies, Inc. is up 0.77% in the last 3-month period. Year-to-Date the stock performance stands at 0.56%.

Interpublic Group of Companies (The) (NYSE:IPG) : 6 analysts are covering Interpublic Group of Companies (The) (NYSE:IPG) and their average rating on the stock is 1.17, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Interpublic Group of Companies (The) (NYSE:IPG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

Interpublic Group of Companies (The) (NYSE:IPG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.16 and $22.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.10, notching a gain of 0.48% for the day. The total traded volume was 5,255,017 . The stock had closed at $22.99 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Carroll Christopher F, officer (SVP, Controller & CAO) of Interpublic Group Of Companies, Inc., had unloaded 20,000 shares at an average price of $23.33 in a transaction dated on May 2, 2016. The total value of the transaction was worth $466,600.

The Interpublic Group of Companies, Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup, Foote, Cone & Belding, Lowe and Partners, IPG Mediabrands, its digital specialist agencies and its domestic integrated agencies. IANs domestic integrated agencies, including Hill Holliday, Carmichael Lynch, Dailey, Tierney and Mullen, provide a range of advertising, marketing communications services and/or marketing services. CMG, which includes Weber Shandwick, Cassidy, DeVries, Golin, FutureBrand, Jack Morton and Octagon Worldwide, provides diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity and strategic marketing consulting.

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