BMO Capital Believes Interpublic Group of Companies (NYSE: IPG) Still Has Room to Grow

By Ryan Adsit

In a report released yesterday, Daniel Salmon from BMO Capital reiterated a Buy rating on Interpublic Group of Companies (NYSE: IPG), with a price target of $27. The company’s shares closed yesterday at $24.49, close to its 52-week high of $25.71.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 18.5% and a 75.8% 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 Hold and the average price target is $23.90, representing a -2.4% downside.

In a report released yesterday, Pivotal Research also assigned a Buy rating to the stock with a $26 price target.

Interpublic Group of Companies’ market cap is currently $9.52B and has a P/E ratio of 17.01. The company has a book value ratio of 4.7268.

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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.