WPP (LON:WPP – Get Rating) had its target price lifted by Berenberg Bank from GBX 1,185 ($15.10) to GBX 1,230 ($15.68) in a research report sent to investors on Wednesday, Marketbeat.com reports. Berenberg Bank currently has a hold rating on the stock.
Several other research analysts have also recently commented on WPP. Morgan Stanley reaffirmed an equal weight rating and issued a GBX 950 ($12.11) target price on shares of WPP in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a buy rating and set a GBX 1,400 ($17.84) price objective on shares of WPP in a report on Friday, February 25th. Barclays cut WPP to an equal weight rating and cut their price objective for the company from GBX 1,475 ($18.80) to GBX 1,250 ($15.93) in a report on Monday, March 14th. UBS Group set a GBX 1,550 ($19.76) price objective on WPP in a report on Friday, January 14th. Finally, Shore Capital reissued a house stock rating on shares of WPP in a report on Wednesday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, WPP has an average rating of Buy and an average price target of GBX 1,264.30 ($16.11).
Shares of WPP stock opened at GBX 981.20 ($12.51) on Wednesday. The stock has a market cap of £10.99 billion and a P/E ratio of 18.68. WPP has a one year low of GBX 868.80 ($11.07) and a one year high of GBX 1,231.50 ($15.70). The stock has a fifty day moving average price of GBX 1,023.77 and a 200 day moving average price of GBX 1,077.65. The company has a debt-to-equity ratio of 167.75, a current ratio of 0.93 and a quick ratio of 0.92.
In related news, insider John Rogers sold 105,949 shares of WPP stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of GBX 1,045 ($13.32), for a total value of £1,107,167.05 ($1,411,122.93). Also, insider Thomas Ilube acquired 1,000 shares of the stock in a transaction that occurred on Monday, February 28th. The stock was purchased at an average price of GBX 1,033 ($13.17) per share, with a total value of £10,330 ($13,165.94).
WPP Company Profile (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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