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

Publicis Groupe SA (OTCMKTS:PUBGY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $29.01 and last traded at $28.77, with a volume of 7410 shares trading hands. The stock had previously closed at $28.48.

Analysts Set New Price Targets

A number of research firms have weighed in on PUBGY. The Goldman Sachs Group raised shares of Publicis Groupe to a “strong-buy” rating in a report on Wednesday, June 3rd. Berenberg Bank raised shares of Publicis Groupe to a “strong-buy” rating in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Publicis Groupe presently has a consensus rating of “Strong Buy”.

Publicis Groupe Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.97. The business has a 50-day moving average price of $25.83 and a 200-day moving average price of $23.77.

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.