WPP (LON:WPP)‘s stock had its “add” rating reiterated by stock analysts at Numis Securities in a report issued on Friday, February 16th. They currently have a GBX 1,515 ($20.93) price objective on the stock. Numis Securities’ target price would suggest a potential upside of 31.06% from the company’s current price.
A number of other research firms also recently issued reports on WPP. Goldman Sachs Group downgraded shares of WPP from a “buy” rating to a “neutral” rating and decreased their target price for the company from GBX 1,830 ($25.28) to GBX 1,470 ($20.31) in a research report on Tuesday, January 23rd. Liberum Capital restated a “buy” rating and set a GBX 1,815 ($25.08) target price on shares of WPP in a research report on Friday, November 17th. Shore Capital restated a “buy” rating on shares of WPP in a research report on Tuesday, October 31st. Deutsche Bank decreased their target price on shares of WPP from GBX 1,750 ($24.18) to GBX 1,510 ($20.86) and set a “hold” rating for the company in a research report on Wednesday, November 1st. Finally, Berenberg Bank decreased their target price on shares of WPP from GBX 1,750 ($24.18) to GBX 1,410 ($19.48) and set a “hold” rating for the company in a research report on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,621.05 ($22.40).
WPP (LON WPP) traded down GBX 3 ($0.04) during midday trading on Friday, reaching GBX 1,156 ($15.97). 4,319,410 shares of the company were exchanged, compared to its average volume of 6,990,000. WPP has a 52 week low of GBX 1,154.50 ($15.95) and a 52 week high of GBX 1,774 ($24.51).
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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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