WPP (LON:WPP) Receives “Neutral” Rating from Citigroup

Citigroup restated their neutral rating on shares of WPP (LON:WPP) in a research note published on Monday morning, Marketbeat.com reports. The firm currently has a GBX 365 target price on the stock.

Separately, JPMorgan Chase & Co. decreased their price objective on shares of WPP from GBX 420 to GBX 360 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 362.50.

WPP Price Performance

Shares of LON:WPP opened at GBX 334.41 on Monday. The firm has a 50 day moving average of GBX 314.15 and a 200-day moving average of GBX 366.14. The stock has a market capitalization of £3.61 billion, a PE ratio of 9.66, a PEG ratio of 13.47 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. WPP has a 12 month low of GBX 266.10 and a 12 month high of GBX 798.20.

Insider Buying and Selling

In related news, insider Philip Jansen acquired 50,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of GBX 285 per share, for a total transaction of £142,500. Also, insider Cindy Rose acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of GBX 289 per share, with a total value of £144,500. Company insiders own 2.01% of the company’s stock.

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.