Barclays analyst Julien Roch maintained a Hold rating on Interpublic Group of Companies (IPG – Research Report) on July 24 and set a price target of $37.00. The company’s shares closed yesterday at $32.08.
Roch covers the Communication Services sector, focusing on stocks such as Interpublic Group of Companies, Omnicom Group, and Universal Music Group. According to TipRanks, Roch has an average return of 2.5% and a 46.61% success rate on recommended stocks.
In addition to Barclays, Interpublic Group of Companies also received a Hold from Morgan Stanley’s Benjamin Swinburne in a report issued on July 24. However, on the same day, J.P. Morgan maintained a Buy rating on Interpublic Group of Companies (NYSE: IPG).
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IPG market cap is currently $12.6B and has a P/E ratio of 13.58.
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Interpublic Group of Cos., Inc. engages in the provision of advertising and marketing services. The company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. It operates through the following segments: Integrated Agency Network (IAN), Constituency Management Group (CMG), and Corporate and Other. The IAN segment includes advertising and media services, as well as a comprehensive array of global communications and marketing services. The CMG segment offers events and public relations services as well as sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting. The Corporate and Other segment refers to the Acxiom activities. The company was founded on September 18, 1930 and is headquartered in New York, NY.
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