WPP (LON:WPP) Receives Overweight Rating from JPMorgan Chase & Co.

WPP (LON:WPPGet Rating)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report issued on Thursday, Marketbeat.com reports. They presently have a GBX 1,280 ($16.65) price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 28.00% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a GBX 950 ($12.36) price objective on shares of WPP in a research note on Thursday, April 14th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,185 ($15.42) target price on shares of WPP in a report on Wednesday, March 23rd. UBS Group set a GBX 1,550 ($20.17) target price on WPP in a report on Friday, January 14th. Shore Capital reaffirmed a “buy” rating on shares of WPP in a report on Thursday, February 24th. Finally, Barclays lowered WPP to an “equal weight” rating and dropped their target price for the stock from GBX 1,475 ($19.19) to GBX 1,250 ($16.26) in a report on Monday, March 14th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1,259.80 ($16.39).

Shares of LON:WPP opened at GBX 1,000 ($13.01) on Thursday. WPP has a 52-week low of GBX 868.80 ($11.30) and a 52-week high of GBX 1,231.50 ($16.02). The stock has a market cap of £11.20 billion and a price-to-earnings ratio of 19.09. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 167.75. The business has a 50-day moving average price of GBX 1,044.29 and a 200-day moving average price of GBX 1,077.17.

In other news, insider Thomas Ilube bought 1,000 shares of the firm’s stock in a transaction dated Monday, February 28th. The shares were acquired at an average price of GBX 1,033 ($13.44) per share, for a total transaction of £10,330 ($13,440.02). Also, insider Mark Read sold 47,862 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of GBX 923 ($12.01), for a total value of £441,766.26 ($574,767.45).

About WPP (Get Rating)

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.

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Analyst Recommendations for WPP (LON:WPP)

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