WPP (LON:WPP)‘s stock had its “buy” rating reissued by research analysts at Liberum Capital in a research report issued on Friday, January 12th. They currently have a GBX 1,815 ($25.45) price objective on the stock. Liberum Capital’s price objective would suggest a potential upside of 44.33% from the stock’s current price.
A number of other equities analysts also recently commented on WPP. Morgan Stanley downgraded WPP to an “equal weight” rating and lowered their price objective for the stock from GBX 1,930 ($27.06) to GBX 1,600 ($22.43) in a research report on Tuesday, September 26th. Citigroup reaffirmed a “buy” rating and issued a GBX 2,100 ($29.44) price target on shares of WPP in a report on Thursday, September 28th. Shore Capital raised WPP to a “buy” rating in a report on Friday, September 29th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 1,750 ($24.54) price target on shares of WPP in a report on Wednesday, October 25th. Finally, Numis Securities reiterated an “under review” rating on shares of WPP in a research note on Tuesday, October 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,708.68 ($23.96).
WPP (LON WPP) traded down GBX 35.50 ($0.50) during midday trading on Friday, reaching GBX 1,257.50 ($17.63). The company’s stock had a trading volume of 4,609,326 shares, compared to its average volume of 4,680,000. WPP has a 52 week low of GBX 1,165.76 ($16.35) and a 52 week high of GBX 1,928.07 ($27.03).
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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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