Publicis Groupe (OTCMKTS:PUBGY) Shares Gap Up – Here’s Why

Publicis Groupe SA (OTCMKTS:PUBGY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $22.26, but opened at $23.32. Publicis Groupe shares last traded at $23.58, with a volume of 88,022 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays cut shares of Publicis Groupe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Publicis Groupe Stock Up 7.2%

The firm’s fifty day moving average price is $22.00 and its 200-day moving average price is $23.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.97 and a quick ratio of 0.94.

About Publicis Groupe

Publicis Groupe (OTCMKTS:PUBGY) is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world’s largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.

In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.