Omnicom Group (OMC) : 7 analysts are covering Omnicom Group (OMC) and their average rating on the stock is 2.71, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Omnicom Group (OMC) : Currently there are 6 street experts covering Omnicom Group (OMC) stock. The most bullish and bearish price target for the stock is $86 and $69 respectively for the short term. The average price target of all the analysts comes to $81.33. The estimated standard deviation from the target is $6.38.
Company shares have received an average consensus rating of Hold for the current week Omnicom Group (NYSE:OMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.25 and $82.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.15, notching a gain of 1.12% for the day. The total traded volume was 1,104,144 . The stock had closed at $82.23 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman) of Omnicom Group Inc., Crawford Bruce had sold 22,800 shares worth of $1,922,268 in a transaction dated June 9, 2016. In this transaction, 22,800 shares were sold at $84.31 per share.
Omnicom Group Inc. is a holding company. The Company provides advertising, marketing and corporate communications services. The Companys branded networks and agencies operate in markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications. Its services in these disciplines include advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communications, data analytics and database management, among others. Its advertising brands include BBDO Worldwide, DDB Worldwide and TBWA Worldwide. The Companys branded agency networks operate in geographic regions, including the Americas, which includes North America and Latin America; EMEA, which includes Europe, the Middle East and Africa, and Asia Pacific, which includes Australia, China, India, Japan, Korea, New Zealand, Singapore and other Asian countries.