WPP (LON:WPP) Price Target Lowered to GBX 275 at Citigroup

WPP (LON:WPP) had its price target trimmed by Citigroup from GBX 310 to GBX 275 in a research report report published on Thursday morning,London Stock Exchange reports. The brokerage currently has a neutral rating on the stock.

WPP Stock Performance

Shares of WPP stock opened at GBX 250.45 on Thursday. The company has a debt-to-equity ratio of 334.84, a current ratio of 0.89 and a quick ratio of 0.89. WPP has a fifty-two week low of GBX 218.50 and a fifty-two week high of GBX 616.20. The stock’s 50-day moving average is GBX 254.29 and its two-hundred day moving average is GBX 301.58. The firm has a market cap of £2.70 billion, a P/E ratio of -12.52, a PEG ratio of 13.47 and a beta of 0.60.

WPP (LON:WPP) last issued its earnings results on Thursday, February 26th. The company reported GBX (20) earnings per share for the quarter. WPP had a negative return on equity of 7.54% and a negative net margin of 1.59%. Analysts predict that WPP will post 81.6125654 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Philip Jansen purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was bought at an average price of GBX 255 per share, for a total transaction of £127,500. Also, insider Cindy Rose purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were bought at an average price of GBX 269 per share, with a total value of £134,500. Corporate insiders own 2.03% of the company’s stock.

WPP Company Profile

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.