WPP’s (WPP) Buy Rating Reiterated at Shore Capital

WPP (LON:WPP)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a report issued on Wednesday, Digital Look reports.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of WPP from GBX 998 ($12.75) to GBX 990 ($12.65) and set a “buy” rating for the company in a report on Friday, June 28th. Citigroup reiterated a “buy” rating on shares of WPP in a research report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 920 ($11.76).

WPP Stock Performance

Shares of LON WPP opened at GBX 697 ($8.91) on Wednesday. The stock has a fifty day moving average price of GBX 749.53 and a two-hundred day moving average price of GBX 762.01. The firm has a market cap of £7.53 billion, a P/E ratio of 6,980.00, a PEG ratio of 13.47 and a beta of 1.11. WPP has a 1 year low of GBX 656 ($8.38) and a 1 year high of GBX 856.80 ($10.95). The company has a debt-to-equity ratio of 179.40, a quick ratio of 0.89 and a current ratio of 0.86.

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.