Interpublic Group of Companies Gets a Buy Rating from BMO Capital

By Carrie Williams

In a report issued on September 11, Daniel Salmon from BMO Capital reiterated a Buy rating on Interpublic Group of Companies (NYSE: IPG), with a price target of $26. The company’s shares opened today at $20.06, close to its 52-week low of $19.57.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 12.6% and a 67.1% success rate. Salmon covers the Services sector, focusing on stocks such as Publicis Groupe SA, Factset Research, and Nielsen Holdings.

Currently, the analyst consensus on Interpublic Group of Companies is Strong Buy and the average price target is $25.33, representing a 26.3% upside.

In a report issued on August 28, Jefferies also reiterated a Buy rating on the stock with a $26 price target.

The company has a one year high of $25.71 and a one year low of $19.57. Currently, Interpublic Group of Companies has an average volume of 4.87M.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Interpublic Group of Cos., Inc. provides marketing and business services. It specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines.