WPP plc (LON:WPP) Receives GBX 1,139.14 Consensus Price Target from Analysts

WPP plc (LON:WPPGet Rating) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 1,139.14 ($13.47).

WPP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of WPP from GBX 1,370 ($16.20) to GBX 1,100 ($13.01) and set a “buy” rating for the company in a research report on Monday, October 17th. JPMorgan Chase & Co. reduced their price target on shares of WPP from GBX 1,290 ($15.25) to GBX 1,210 ($14.31) and set an “overweight” rating for the company in a research report on Friday, October 7th. Berenberg Bank reduced their price target on shares of WPP from GBX 915 ($10.82) to GBX 864 ($10.22) and set a “hold” rating for the company in a research report on Friday, November 4th. Barclays reduced their price target on shares of WPP from GBX 900 ($10.64) to GBX 850 ($10.05) and set an “equal weight” rating for the company in a research report on Thursday, October 27th. Finally, Shore Capital restated a “buy” rating on shares of WPP in a research report on Wednesday, October 26th.

WPP Price Performance

WPP stock opened at GBX 873.20 ($10.33) on Tuesday. The firm has a 50 day moving average of GBX 787.72 and a 200-day moving average of GBX 822.31. WPP has a 12-month low of GBX 713 ($8.43) and a 12-month high of GBX 1,231.50 ($14.56). The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 164.86. The company has a market cap of £9.44 billion and a price-to-earnings ratio of 1,587.64.

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.

Further Reading

Analyst Recommendations for WPP (LON:WPP)

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