WPP (LON:WPP)‘s stock had its “buy” rating reiterated by stock analysts at UBS Group in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. They presently have a GBX 1,085 ($14.18) price target on the stock, down from their previous price target of GBX 1,150 ($15.03). UBS Group’s price objective would indicate a potential upside of 11.72% from the company’s previous close.
Several other research analysts have also weighed in on the stock. Liberum Capital reiterated a “buy” rating on shares of WPP in a report on Friday, August 9th. HSBC cut their price objective on shares of WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a “hold” rating on the stock in a report on Thursday, July 4th. Morgan Stanley increased their price objective on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Credit Suisse Group reiterated a “restricted” rating on shares of WPP in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of WPP from GBX 1,100 ($14.37) to GBX 1,125 ($14.70) and gave the stock an “overweight” rating in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 1,091.15 ($14.26).
Shares of WPP stock opened at GBX 971.20 ($12.69) on Wednesday. The firm has a market cap of $11.62 billion and a P/E ratio of 17.44. WPP has a 1-year low of GBX 791 ($10.34) and a 1-year high of GBX 1,065.50 ($13.92). The company has a debt-to-equity ratio of 87.58, a current ratio of 0.95 and a quick ratio of 0.93. The firm’s 50-day simple moving average is GBX 974 and its 200-day simple moving average is GBX 955.64.
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 Consulting, Health & Wellness 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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