Price Target Update on Interpublic Group of Companies (The) (NYSE: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.

Other Equity analysts have also commented on the company shares. Pivotal Research upgrades its rating on Interpublic Group of Companies (The) (NYSE:IPG). Analysts at the Pivotal Research have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on February 8, 2016.

Interpublic Group of Companies (The) (NYSE:IPG): stock turned positive on Thursday. Though the stock opened at $24.78, the bulls momentum made the stock top out at $24.82 level for the day. The stock recorded a low of $24.45 and closed the trading day at $24.6, in the green by 0.29%. The total traded volume for the day was 4,390,231. The stock had closed at $24.53 in the previous days trading.

The company shares have rallied 23.95% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $24.58 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $23.75 and the 200 Day Moving Average price is recorded at $22.62. On the companys insider trading activities,The officer (SVP, Controller & CAO) of Interpublic Group Of Companies, Inc., Carroll Christopher F sold 20,000 shares at $23.33 on May 2, 2016. The Insider selling transaction had a total value worth of $466,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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