JPMorgan Chase & Co. Cuts WPP (LON:WPP) Price Target to GBX 1,260

WPP (LON:WPPGet Rating) had its price target lowered by JPMorgan Chase & Co. from GBX 1,330 ($15.90) to GBX 1,260 ($15.06) in a research report report published on Tuesday, Marketbeat.com reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Berenberg Bank dropped their target price on WPP from GBX 1,230 ($14.70) to GBX 915 ($10.94) and set a hold rating for the company in a report on Friday, July 8th. Morgan Stanley restated an equal weight rating and set a GBX 950 ($11.36) target price on shares of WPP in a report on Tuesday, April 26th. Finally, Shore Capital reaffirmed a buy rating on shares of WPP in a research report on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, WPP has a consensus rating of Moderate Buy and an average price target of GBX 1,244.44 ($14.88).

WPP Trading Up 2.2 %

Shares of WPP stock opened at GBX 853.80 ($10.21) on Tuesday. The stock has a market capitalization of £9.32 billion and a PE ratio of 1,575.85. WPP has a 1-year low of GBX 753.60 ($9.01) and a 1-year high of GBX 1,231.50 ($14.72). The business has a 50-day moving average of GBX 865.24 and a 200 day moving average of GBX 1,002.86. The company has a debt-to-equity ratio of 167.75, a current ratio of 0.93 and a quick ratio of 0.92.

About WPP

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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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