WPP (LON:WPP) Given Buy Rating at Berenberg Bank

WPP (LON:WPP)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued on Monday, Digital Look reports. They presently have a GBX 470 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 22.03% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Citigroup lifted their price target on shares of WPP from GBX 285 to GBX 430 and gave the company a “neutral” rating in a report on Monday, August 10th. JPMorgan Chase & Co. upped their price objective on WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 425 target price on shares of WPP in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 428.75.

WPP Stock Down 0.2%

WPP opened at GBX 385.15 on Monday. WPP has a 12 month low of GBX 218.50 and a 12 month high of GBX 412.60. The business has a 50-day moving average of GBX 363.80 and a two-hundred day moving average of GBX 296.88. The company has a debt-to-equity ratio of 276.02, a current ratio of 0.87 and a quick ratio of 0.89. The stock has a market capitalization of £4.15 billion, a price-to-earnings ratio of -17.27, a price-to-earnings-growth ratio of 13.47 and a beta of 0.73.

WPP (LON:WPP) last released its earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share (EPS) for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. On average, research analysts expect that WPP will post 81.6125654 earnings per share for the current year.

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.