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

Jean-Christophe Dourret

Publicis : Publicis - 14 Nov 2018

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Jean-Christophe Dourret

Publicis : Publicis - 14 nov 2018

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Valérie GASTALDY

Short term view - PUBLICIS SA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €50.28. The background trend would be questioned should prices rise above €56.26.

Valérie GASTALDY

Analyse court terme - PUBLICIS SA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 50,28 €. La tendance de fond serait remise en cause en cas de franchissement de 56,26 €.

Valérie GASTALDY

Short term view - PUBLICIS SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €50.28. The background trend would be questioned should prices rise above €56.26.

Jean-Christophe Dourret

Publicis : Publicis - 14 Nov 2018

...

Jean-Christophe Dourret

Publicis : Publicis - 14 nov 2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Igor Kim
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/19/2018

Lowering breakeven is imperative given the industrialisation of the sector. A cost-income ratio below 65% (74% in H1 2018) assumes radical decisions on costs, the US, and structural weaknesses. Target price of € 23.9 based on forecasts below the consensus. Neutral recommendation pending rapid inflections. - Cf. Equity report published last evening. - ...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Igor Kim
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/10/2018

La baisse du point mort est impérative face à l’industrialisation du secteur. Un Cost/Income inférieur à 65% (S1 2018 = 74%) suppose des décisions radicales sur les coûts, les Etats-Unis et les faiblesses structurelles. OC de 23.9 € sur la base de prévisions inférieures au consensus. Recommandation Neutre dans l’attente d’inflexions rapides. Cf. étude publiée hier soir. - ...

Jerôme Bodin

Publicis : Acceleration in organic growth in Q4 and 2019

>Feedback from the conference call following the Q3 gross margin report - Pro7Sat1 held a conference call yesterday following its Q3 2018 revenue publication. It confirmed that organic growth is likely to accelerate in Q4, driven by recent account wins (and the absence of any major account losses). Growth is also strong in activities it describes as strategic game changers (+27% in H1; cf. data and digital transformation). Our forecasts are broadly unchanged following...

A director sold 621 shares at 60.789EUR and

A director at Publicis Groupe Sa sold 621 shares at 60.789EUR and the significance rating of the trade was 53/100. 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 boar...

Jean Sassus ...
  • Jerôme Bodin
  • Pierre Tegner
  • Steven Gould
  • Sylvain Goyon
  • Thomas Zlowodzki

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/16/2018

Although our Q4 asset allocation was undermined by the Italian budget episode, the outcome of which is both unclear and still some way off, our tactical value call provides a welcome consolation prize. But we need to be sure not to rest on our (meagre) laurels. Bringing together the conditions required for a continuation of this trend (cycle, rate hikes) already looks tricky for next year. - ...

Jean Sassus ...
  • Jerôme Bodin
  • Pierre Tegner
  • Steven Gould
  • Sylvain Goyon
  • Thomas Zlowodzki

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/10/2018

Alors que notre allocation T4 est mise à mal par l’épisode budgétaire italien dont l’issue incertaine est lointaine, le « lot de consolation » que représente notre call tactique en faveur de la value est le bienvenu. Attention toutefois à ne pas s’endormir sur ces (maigres) lauriers. Les conditions d’une continuation de cette tendance (cycle, progression des taux) paraissent déjà bien délicates à réunir l’an prochain. - ...

Alex Koagne ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/21/2018

All of the risks mentioned are on the agenda. Their development does not contain any unpleasant surprises. On the contrary, the Italian budget could comply with EU regulations, and an agreement on Brexit appears to be within reach. This argues in favour of the completion of a short rotation favourable to cyclicals, the duration of which will be determined by 1/ the credibility that the market will bring to maintaining macroeconomic growth above its potential rate (Oddo BHF’s baseline ...

Alex Koagne ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/09/2018

Les risques évoqués sont tous au rendez-vous. Leur évolution ne recèle pas de surprises désagréables. Au contraire, le budget italien pourrait être conforme aux règles européennes, et un accord sur le Brexit semble à portée de main. Ceci milite pour la réalisation d’une courte rotation favorable aux cycliques dont la durée sera conditionnée par 1/ la crédibilité que le marché apportera au maintien d’une croissance macro supérieure à son potentiel (scénario central Oddo BHF : 1.8% en 2...

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 – DETAILED COMMENTS 07/20/2018

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Anaïs Dudout

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...

Anaïs Dudout

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...

Valérie GASTALDY

Short term view - PUBLICIS SA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €50.28. The background trend would be questioned should prices rise above €56.26.

Valérie GASTALDY

Analyse court terme - PUBLICIS SA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 50,28 €. La tendance de fond serait remise en cause en cas de franchissement de 56,26 €.

Valérie GASTALDY

Short term view - PUBLICIS SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €50.28. The background trend would be questioned should prices rise above €56.26.

Valérie GASTALDY

Analyse court terme - PUBLICIS SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 50,28 €. La tendance de fond serait remise en cause en cas de franchissement de 56,26 €.

Valérie GASTALDY

Analyse moyen terme - PUBLICIS SA : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 44,75 €, puis 39,00 €. Le franchissement de 66,31 € remettrait en cause la suite de la baisse.

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