WPP plc (LON:WPP) Receives GBX 920 Consensus Target Price from Brokerages

Shares of WPP plc (LON:WPP) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 920 ($11.90).

Several equities research analysts recently commented on the company. Citigroup reissued a “buy” rating on shares of WPP in a research note on Friday, June 28th. Shore Capital reissued a “buy” rating on shares of WPP in a research note on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on WPP from GBX 998 ($12.91) to GBX 990 ($12.80) and set a “buy” rating for the company in a research note on Friday, June 28th.

WPP Trading Up 1.4 %

LON:WPP opened at GBX 744.60 ($9.63) on Tuesday. The company has a debt-to-equity ratio of 179.40, a current ratio of 0.86 and a quick ratio of 0.89. WPP has a fifty-two week low of GBX 656 ($8.48) and a fifty-two week high of GBX 865.48 ($11.19). The stock’s 50-day moving average is GBX 763.30 and its two-hundred day moving average is GBX 761.78. The stock has a market cap of £8.04 billion, a PE ratio of 7,446.00, a price-to-earnings-growth ratio of 13.47 and a beta of 1.11.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.