Shares of Interpublic Group of Companies Inc. (The) (NYSE:IPG) traded at a new 52-week high today of $31.91. This new high was reached on below average trading volume as 734,000 shares traded hands, while the average 30-day volume is approximately 4.5 million shares.
Based on a current price of $31.53, Interpublic Group of Companies Inc. (The) is currently 5.7% above its average consensus analyst price target of $29.74.
In the past 52 weeks, Interpublic Group of Companies Inc. (The) share prices are bracketed by a low of $14.35 and a high of $31.91 and is now at $31.53, 120% above that low price.
Interpublic Group is the world’s fourth-largest ad holding company, based on annual revenue. It provides traditional advertising services along with digital and other services such as public relations through various acquisitions. IPG has made these services available in over 100 countries. The company generates more than 75% of its revenue from developed regions such as the United States and Europe.
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