Morgan Stanley analyst Benjamin Swinburne maintained a Hold rating on Interpublic Group of Companies (NYSE: IPG) today and set a price target of $24. The company’s shares closed on Friday at $21.43.
According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 13.6% and a 63.2% success rate. Swinburne covers the Services sector, focusing on stocks such as 21st Century Fox, World Wrestling, and Dish Network.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Interpublic Group of Companies with a $25.50 average price target.
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The company has a one-year high of $26.01 and a one-year low of $18.30. Currently, Interpublic Group of Companies has an average volume of 4.07M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Michael Isor Roth, the Chairman & CEO of IPG sold 500,000 shares for a total of $11,252,500.
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. engages in the provision of advertising and marketing services. It specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates through the Integrated Agency Network and Constituency Management Group segments.
