Shares of Publicis Groupe S.A. (OTCMKTS:PUBGY – Get Rating) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.74 and last traded at $11.86, with a volume of 142564 shares trading hands. The stock had previously closed at $12.34.
A number of equities research analysts have weighed in on PUBGY shares. Morgan Stanley lowered Publicis Groupe from an “equal weight” rating to an “underweight” rating in a research note on Monday, May 23rd. Barclays lowered Publicis Groupe from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 14th. Credit Suisse Group lowered their price objective on Publicis Groupe from €70.00 ($73.68) to €67.00 ($70.53) in a research note on Wednesday, April 20th. Societe Generale raised their price objective on Publicis Groupe from €77.00 ($81.05) to €78.00 ($82.11) in a research note on Wednesday, April 20th. Finally, JPMorgan Chase & Co. lowered their price objective on Publicis Groupe from €65.00 ($68.42) to €63.00 ($66.32) in a research note on Friday, March 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.74.
The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $15.60.
Publicis Groupe SA provides marketing, communications, and digital business transformation services in North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East. The company offers advisory services for brand strategy, and repositioning and their identity under the Publicis Worldwide, Saatchi & Saatchi, Leo Burnett, Marcel, Fallon, and BBH brands; online advertising services under the Razorfish and Moxie brand names; crisis communications, media relations, public affairs, financial communications, and strategy and event management services; media consulting, planning, and buying services; performance marketing services; and e-commerce services to optimize distribution channels.
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