Wpp Plc (LON:WPP) Given Average Recommendation of “Buy” by Brokerages

Wpp Plc (LON:WPP) has been assigned an average rating of “Buy” from the fifteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 851.36 ($10.48).

Several equities research analysts recently weighed in on WPP shares. Citigroup reissued a “buy” rating on shares of WPP in a report on Monday, June 1st. Goldman Sachs Group raised WPP to a “buy” rating and raised their price objective for the company from GBX 680 ($8.37) to GBX 800 ($9.84) in a report on Wednesday, June 17th. Shore Capital reissued a “buy” rating on shares of WPP in a report on Thursday, June 4th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 750 ($9.23) target price on shares of WPP in a research report on Friday. Finally, Barclays lowered their target price on WPP from GBX 1,000 ($12.31) to GBX 760 ($9.35) and set an “overweight” rating for the company in a research report on Monday, March 23rd.

In other news, insider Keith Weed bought 3,121 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average cost of GBX 640 ($7.88) per share, with a total value of £19,974.40 ($24,580.85). Also, insider Sandrine Dufour bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of GBX 595 ($7.32) per share, with a total value of £89,250 ($109,832.64).

Shares of LON WPP traded up GBX 14 ($0.17) during mid-day trading on Tuesday, hitting GBX 626.80 ($7.71). 2,802,296 shares of the stock traded hands, compared to its average volume of 6,860,000. The company has a debt-to-equity ratio of 80.04, a current ratio of 0.99 and a quick ratio of 0.94. WPP has a twelve month low of GBX 450 ($5.54) and a twelve month high of GBX 1,085.50 ($13.36). The company has a market cap of $7.68 billion and a PE ratio of 12.66. The firm has a 50 day simple moving average of GBX 625.10 and a two-hundred day simple moving average of GBX 763.25.

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 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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Analyst Recommendations for WPP (LON:WPP)

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