Publicis Groupe (OTCMKTS:PUBGY) Hits New 1-Year High – Here’s Why

Publicis Groupe SA (OTCMKTS:PUBGY) hit a new 52-week high during trading on Thursday . The stock traded as high as $29.7765 and last traded at $29.65, with a volume of 8519 shares. The stock had previously closed at $29.58.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Publicis Groupe to a “strong-buy” rating in a research note on Wednesday, June 3rd. Berenberg Bank upgraded Publicis Groupe to a “strong-buy” rating in a report on Tuesday, June 9th. Four analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Publicis Groupe Stock Up 0.0%

The firm’s 50 day simple moving average is $26.20 and its two-hundred day simple moving average is $23.90. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.30.

Publicis Groupe Company Profile

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.