Zacks restated their hold rating on shares of Interpublic Group Of Cos. (NYSE:IPG) in a report issued on Wednesday, Stock Ratings Network.com reports. They currently have a $16.00 target price on the stock.
Interpublic Group Of Cos. (NYSE:IPG) opened at 16.16 on Wednesday. Interpublic Group Of Cos. has a one year low of $9.38 and a one year high of $17.43. The stock’s 50-day moving average is $16.01 and its 200-day moving average is $14.44. The company has a market cap of $6.822 billion and a P/E ratio of 17.89.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.08 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 29th.
A number of other firms have also recently commented on IPG. Analysts at Pivotal Research raised their price target on shares of Interpublic Group Of Cos. (NYSE:IPG) from $21.00 to $22.00 in a research note to investors on Wednesday. They now have a buy rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Interpublic Group Of Cos. (NYSE:IPG) from $16.50 to $18.00 in a research note to investors on Monday, July 29th. They now have a buy rating on the stock.
One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Interpublic Group Of Cos. presently has an average rating of Buy and a consensus price target of $15.66.
In other Interpublic Group Of Cos. news, CEO Michael Isor Roth sold 194,965 shares of Interpublic Group Of Cos. stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $15.98, for a total transaction of $3,115,540.70. Following the completion of the transaction, the chief executive officer now directly owns 759,371 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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