Wpp Plc (LON:WPP) has been assigned a consensus recommendation of “Buy” from the twenty research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 1,762.44 ($23.18).
Several analysts have recently weighed in on WPP shares. Macquarie reaffirmed an “outperform” rating and set a GBX 1,800 ($23.67) price target on shares of WPP in a research note on Tuesday, August 1st. Liberum Capital reissued a “buy” rating and issued a GBX 2,000 ($26.31) price target on shares of WPP in a research report on Monday, August 7th. Shore Capital reaffirmed a “hold” rating on shares of WPP in a research report on Monday, August 14th. Morgan Stanley cut their price objective on shares of WPP from GBX 1,975 ($25.98) to GBX 1,930 ($25.38) and set an “overweight” rating on the stock in a research report on Friday, August 18th. Finally, Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 2,100 ($27.62) price objective on shares of WPP in a research report on Tuesday, August 22nd.
WPP (WPP) traded down GBX 18 ($0.24) during trading on Thursday, hitting GBX 1,256 ($16.52). 1,980,000 shares of the stock traded hands, compared to its average volume of 4,990,000. WPP has a 1 year low of GBX 1,238.45 ($16.29) and a 1 year high of GBX 1,928.07 ($25.36).
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WPP Company Profile
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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