Interpublic Group of Companies (The) (IPG) : 4 brokerage houses believe that Interpublic Group of Companies (The) (IPG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.2.
Interpublic Group of Companies (The) (IPG) stock is expected to deviate a maximum of $1.41 from the average target price of $26 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $28 and the most muted being $24.
For the current week, the company shares have a recommendation consensus of Buy. 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 $22.85 and $22.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.03, notching a gain of 1.23% for the day. The total traded volume was 2,449,673 . The stock had closed at $22.75 on the previous day.
In a related news, Carroll Christopher F, officer (SVP, Controller & CAO) of Interpublic Group Of Companies, Inc., unloaded 20,000 shares at an average price of $23.33 on May 2, 2016. The total amount of the transaction was worth $466,600, according to the disclosed information 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.