WPP (LON:WPP) Earns “Buy” Rating from Berenberg Bank

WPP (LON:WPP)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a report issued on Monday, Digital Look reports. They currently have a GBX 470 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 22.52% from the company’s current price.

WPP has been the topic of several other research reports. JPMorgan Chase & Co. upped their price objective on WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Citigroup lifted their target price on shares of WPP from GBX 285 to GBX 430 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 425 target price on shares of WPP in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 428.75.

WPP Stock Performance

Shares of WPP stock traded down GBX 2.20 on Monday, hitting GBX 383.60. The company had a trading volume of 4,827,188 shares, compared to its average volume of 33,958,918. WPP has a twelve month low of GBX 218.50 and a twelve month high of GBX 412.60. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02. The firm has a market cap of £4.14 billion, a P/E ratio of -17.20, a price-to-earnings-growth ratio of 13.47 and a beta of 0.73. The company has a 50-day moving average price of GBX 363.80 and a 200-day moving average price of GBX 296.88.

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