JPMorgan Chase & Co. set a GBX 1,090 ($14.24) price objective on WPP (LON:WPP) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also recently weighed in on WPP. Liberum Capital reaffirmed a buy rating on shares of WPP in a research report on Friday, November 2nd. Morgan Stanley lowered their price objective on shares of WPP from GBX 1,425 ($18.62) to GBX 1,000 ($13.07) and set an equal weight rating for the company in a research report on Friday, October 26th. Deutsche Bank reaffirmed a hold rating and set a GBX 1,430 ($18.69) price objective on shares of WPP in a research report on Monday, October 8th. Kepler Capital Markets reaffirmed a hold rating on shares of WPP in a research report on Tuesday, October 23rd. Finally, Berenberg Bank reaffirmed a sell rating on shares of WPP in a research report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. WPP presently has a consensus rating of Hold and an average target price of GBX 1,254.21 ($16.39).
WPP stock opened at GBX 862.20 ($11.27) on Wednesday. WPP has a 1-year low of GBX 1,121.44 ($14.65) and a 1-year high of GBX 1,774 ($23.18).
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 Consulting, Health & Wellness 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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