Publicis Groupe S.A.,

Publicis is holding company. Through its subsidiaries, Co. is engaged in marketing, communication and digital transformation. Co. designs a customized package of services to meet each client's particular needs through a holistic and global approach. In addition, Co. provides financial markets with information concerning the relative size of each of the different business sectors for the sole purpose of allowing sector comparisons. Co.'s principal activities comprise four main categories: Digital, Advertising, Specialized Agencies and Marketing Services (SAMS) and Media.
  • TickerPUB
  • ISINFR0000130577
  • ExchangeEuronext Paris
  • SectorMedia
  • CountryFrance

Analysts

Neil Macker

Publicis Continues Its Year of Transition; Organic Growth Remains Below Peers

Publicis Groupe posted first half 2016 results slightly below our projections. Organic growth of 2.8% was in line with management’s conservative guidance (below 3%) for 2016. As a result of the modest revenue miss, we have slightly lowered our estimates for 2016 but we are maintaining our narrow economic moat rating and our fair value estimate of EUR 61. With the shares trading above this level, we would seek a wider margin of safety before investing. Reported revenue grew 4.6% during the first ...

Neil Macker

Publicis Continues Its Year of Transition; Organic Growth Remains Below Peers

Publicis Groupe posted first half 2016 results slightly below our projections. Organic growth of 2.8% was in line with management’s conservative guidance (below 3%) for 2016. As a result of the modest revenue miss, we have slightly lowered our estimates for 2016 but we are maintaining our narrow economic moat rating and our fair value estimate of EUR 61. With the shares trading above this level, we would seek a wider margin of safety before investing. Reported revenue grew 4.6% during the first ...

Neil Macker

Publicis Posts Weak Third-Quarter Organic Growth Due to Headwinds From Mediapalooza

Publicis Groupe reported its third-quarter 2016 revenue update, with results coming in slightly below our projections. More importantly, organic growth of 0.2% was well below management’s conservative guidance (below 3%) for 2016, and at 1.9% year to date, the firm is running well below its peers. As a result of the modest revenue miss, we have slightly lowered our estimates for 2016 but are maintaining our narrow economic moat rating and our fair value estimate of EUR 61. With the shares tradin...

Neil Macker

DOJ Launches Probe Into Potential Bid Rigging for Ad Production; No Change to Moats or FVEs

The U.S. Department of Justice has launched an investigation into the allegation that the major advertising agencies are rigging the bidding procedures for the production of commercials to favor in-house production groups, according to a Wall Street Journal article. The probe appears to be in the preliminary stage but would most likely cover all major agency holding companies including WPP, Omnicom, Publicis, and Interpublic. We don’t expect the investigation to change our long-term theses for t...

Neil Macker

Publicis Groupe is more highly leveraged than its peers toward faster-growing digital advertising.

The U.S. Department of Justice has launched an investigation into the allegation that the major advertising agencies are rigging the bidding procedures for the production of commercials to favor in-house production groups, according to a Wall Street Journal article. The probe appears to be in the preliminary stage but would most likely cover all major agency holding companies including WPP, Omnicom, Publicis, and Interpublic. We don’t expect the investigation to change our long-term theses for t...

Neil Macker

Publicis Groupe is more highly leveraged than its peers toward faster-growing digital advertising.

The U.S. Department of Justice has launched an investigation into the allegation that the major advertising agencies are rigging the bidding procedures for the production of commercials to favor in-house production groups, according to a Wall Street Journal article. The probe appears to be in the preliminary stage but would most likely cover all major agency holding companies including WPP, Omnicom, Publicis, and Interpublic. We don’t expect the investigation to change our long-term theses for t...

1 director sold

A director at Publicis Groupe Sa sold 1,127 shares at 46.440EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Ahmed Ben Salem ...
  • Bruno Hareng
  • François Maury
  • Jerôme Bodin
  • Michael Foundoukidis
  • Olfa Taamallah
  • Oussema Denguir
  • Pierre Corby
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/07/2018

...

Ahmed Ben Salem ...
  • Bruno Hareng
  • François Maury
  • Jerôme Bodin
  • Michael Foundoukidis
  • Olfa Taamallah
  • Oussema Denguir
  • Pierre Corby
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/13/2018

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Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas Kieffer
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Steven Gould
  • Vincent Maulay
  • Vincent Baron
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/07/2018

The Innogy deal will reshuffle E.ON’s and RWE’s businesses and strategies, with each specialising on one part of the utility value chain (downstream and upstream, respectively). While the transaction will not significantly change the two companies’ level of exposure to climate transition risks (low for E.ON / high for RWE), simpler business structures and strategies should help the two German utilities to deliver (at last!) a clearer message on their contribution to climate mitigation...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas Kieffer
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Steven Gould
  • Vincent Maulay
  • Vincent Baron
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/19/2018

The Innogy deal will reshuffle E.ON’s and RWE’s businesses and strategies, with each specialising on one part of the utility value chain (downstream and upstream, respectively). While the transaction will not significantly change the two companies’ level of exposure to climate transition risks (low for E.ON / high for RWE), simpler business structures and strategies should help the two German utilities to deliver (at last!) a clearer message on their contribution to climate mitigation...

Alfred Glaser ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Henning Steinbrink
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/07/2018

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Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Ng Adrian

Publicis

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Ng Adrian

Publicis

Ng Adrian

Publicis

Ng Adrian

Publicis

MarketLine Department

Dentsu, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Dentsu, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Dentsu, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

Proxy Report - 30/05/2018

En 2017, Arthur Sadoun est devenu Président du Directoire en succédant à Maurice Lévy, 75 ans, qui est aujourd’hui Président du Conseil de Surveillance en remplacement d'Elisabeth Badinter, principale actionnaire. Pour les fonctions de Président du Conseil, la Société propose à Maurice Lévy une rémunération fixe de 2,8 M€, ce qui est inhabituellement élevé pour un Président non exécutif et 9,5 fois plus élevé que la rémunération perçue par Elisabeth Badinter en 2016 en tant que Présidente du Conseil. De manière générale, les rémunérations des mandataires sociaux dirigeants de Publicis sont g...

Proxy Report - 30/05/2018

Following the 2017 general meeting, long-time Publicis boss Maurice Lévy stepped down as CEO and was replaced by Arthur Sadoun. Maurice Lévy is now being nominated for the position of Chairman of the Supervisory Board replacing, Elisabeth Badinter, the Company's shareholder, who will become Vice-Chairman. Following his nomination as Chairman, Maurice Lévy will be paid €2.8 million per year; an amount particularly excessive for a non-executive chairman. More generally, Publicis’ compensation policy is very generous, and the amounts granted to the Deputy CEOs are on par with CEO compensation a...

Publicis Groupe – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Publicis Group - Assemblée générale des actionnaires du 29 mai 2019

GouvernanceLa société propose la nomination de 3 membres du conseil indépendants ; Cela porte le taux d’indépendance du conseil selon Proxinvest de 41,7% à 61,5% et nous accueillons favorablement ce changement. RémunérationsLes rémunérations 2018 de M. Sadoun sont plutôt équilibrées et les montants en jeu raisonnables. Par ailleurs, malgré certaines faiblesses en termes de communication, notamment la non communication des poids respectifs des critères de BPA et TSR dans le calcul du bonus, le bonus semble bien aligné avec les performances réalisées. De plus, les critères du plan de d’actions ...

Expert Corporate Governance Service (ECGS)

Publicis Groupe - AGM and EGM 29 May 2019

ITEM 10: The remunerations granted to Mr. Sadoun in 2018 are quite balanced and the amounts are reasonable. Despite certain breaches concerning the Company’s disclosure regarding the weightings of the EPS and TSR criteria for calculating the bonus, the bonus seems aligned with the Company’s performance. Furthermore, criteria for the exceptional performance share plan related to the strategic plan “Sprint to the Future” are quite demanding and, especially, there is no grant if performance is below the median (which was not the case for the previous plans). Accordingly, we recommend to approve. ...

Matthieu DRIOL

Analyse court terme - PUBLICIS SA : Pull-back achevé

Lors de notre dernière analyse court terme (02/11/2016), nous avions opté pour un avis négatif. Nous restons négatif avec un objectif à 57,42 € et un niveau d'invalidation à 61,4 €. La tendance baissière se poursuit. Arguments : - Les cours ont fait un pull-back sur la...

Matthieu DRIOL

Short term view - PUBLICIS SA : Pull-back over

In our previous short term analysis (02/11/2016), we were negative. We remain negative with a target at 57,42 € and an invalidation level at 61,4 €. The bearish trend unfolds. Arguments : - Prices have pulled back to the resistance level (previously a support). The fall is now...

Valérie GASTALDY

Medium term view - PUBLICIS SA : The moving average is supporting prices.

The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at €57.70. It can resume at anytime towards the target at €69.60.Arguments :- The major support is close.- The Rate Of Change is oversold.- The...

Valérie GASTALDY

Analyse moyen terme - PUBLICIS SA : La moyenne mobile sert de support.

La tendance est momentanément interrompue par une correction sur l'horizon de temps inférieur, mais les prix restent au-dessus du seuil d'invalidation à 57,70 €. Elle peut donc rependre à tout moment vers l'objectif à 69,60 €.Arguments :- Le support majeur est proche.- Le Rate...

Matthieu DRIOL

Analyse court terme - PUBLICIS SA : Les prix dépassent la moyenne mobile, c'est un signal de force.

La tendance est toujours haussière, son niveau d'invalidation est sous 63,23 €. L'objectif est à 68,65 €.Arguments :- La résistance descendante est dépassée.- Les prix dépassent la moyenne mobile, c'est un signal de force.- Le gap haussier ouvert en sortie de figure annonce...

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