Analyst Price Target Update on Omnicom Group (NYSE:OMC)

Omnicom Group (NYSE:OMC) stock has received a short term price target of $ 81.6 from 5 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $7.89. The higher estimate of target price is $90 , while the lower price target estimate is $69

Many analysts have stated their opinion on the company shares. Barclays downgrades its rating on Omnicom Group (NYSE:OMC). The global brokerage major raises the current price target from $82 per share to $90 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on April 20, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Crawford Bruce, director officer (Chairman) of Omnicom Group Inc., unloaded 22,800 shares at an average price of $84.31 on June 9, 2016. The total amount of the transaction was worth $1,922,268, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Omnicom Group (NYSE:OMC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.18 points or 1.42% at $82.15 with 1,430,834 shares getting traded. Post opening the session at $82.79, the shares hit an intraday low of $79.45 and an intraday high of $83.1996 and the price was in this range throughout the day. The company has a market cap of $19,531 million and the number of outstanding shares have been calculated to be 237,749,910 shares. The 52-week high of Omnicom Group (NYSE:OMC) is $85.95 and the 52-week low is $64.1216.

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.

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