Publicis Groupe (OTCMKTS:PUBGY) Hits New 52-Week High – Still a Buy?

Publicis Groupe SA (OTCMKTS:PUBGY)’s share price reached a new 52-week high during trading on Thursday . The company 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

PUBGY has been the subject of a number of recent research reports. Berenberg Bank raised Publicis Groupe to a “strong-buy” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group raised Publicis Groupe to a “strong-buy” rating in a report on Wednesday, June 3rd. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Publicis Groupe Price Performance

The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average of $26.20 and a 200-day moving average of $23.90.

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.