Shore Capital Reiterates “Buy” Rating for WPP (LON:WPP)

WPP (LON:WPP)‘s stock had its “buy” rating reissued by equities researchers at Shore Capital in a note issued to investors on Friday, Stock Target Advisor reports.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets upped their price target on shares of WPP from GBX 1,000 ($13.07) to GBX 1,100 ($14.37) and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Deutsche Bank reissued a “buy” rating and issued a GBX 1,090 ($14.24) price objective on shares of WPP in a research report on Monday, October 28th. UBS Group restated a “buy” rating on shares of WPP in a research note on Thursday. Credit Suisse Group reaffirmed a “restricted” rating on shares of WPP in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their target price on WPP from GBX 1,100 ($14.37) to GBX 1,125 ($14.70) and gave the stock an “overweight” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,118.85 ($14.62).

LON:WPP opened at GBX 977.80 ($12.78) on Friday. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 87.58. The firm has a market capitalization of $12.34 billion and a price-to-earnings ratio of 17.55. The firm’s fifty day simple moving average is GBX 974.13 and its 200 day simple moving average is GBX 969.60. WPP has a twelve month low of GBX 791 ($10.34) and a twelve month high of GBX 1,047 ($13.68).

In related news, insider Mark Read sold 4,838 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of GBX 984 ($12.86), for a total transaction of £47,605.92 ($62,205.57).

About WPP

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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Analyst Recommendations for WPP (LON:WPP)

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