Publicis Groupe (OTCMKTS:PUBGY) Shares Gap Down – Here’s Why

Shares of Publicis Groupe SA (OTCMKTS:PUBGY) gapped down before the market opened on Wednesday . The stock had previously closed at $23.89, but opened at $22.36. Publicis Groupe shares last traded at $22.32, with a volume of 22,334 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup upgraded Publicis Groupe to a “strong-buy” rating in a research note on Monday, January 12th. Barclays cut shares of Publicis Groupe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Huber Research raised shares of Publicis Groupe to a “strong-buy” rating in a research note on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Publicis Groupe Stock Down 8.7%

The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. The company’s 50-day simple moving average is $25.34 and its 200 day simple moving average is $24.47.

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.