WPP (LON:WPP) Earns Buy Rating from Citigroup

Citigroup restated their buy rating on shares of WPP (LON:WPP) in a research report report published on Friday, Marketbeat reports.

Several other equities research analysts have also issued reports on WPP. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WPP from GBX 998 ($12.62) to GBX 990 ($12.52) and set a buy rating on the stock in a report on Friday. Shore Capital restated a buy rating on shares of WPP in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of GBX 910 ($11.51).

WPP Price Performance

Shares of WPP stock opened at GBX 719.20 ($9.10) on Friday. The company has a market capitalization of £7.77 billion, a P/E ratio of 7,192.00, a P/E/G ratio of 13.47 and a beta of 1.11. The company has a current ratio of 0.86, a quick ratio of 0.89 and a debt-to-equity ratio of 179.40. WPP has a 12 month low of GBX 656 ($8.30) and a 12 month high of GBX 878.60 ($11.11). The stock has a 50 day moving average of GBX 796.05 and a two-hundred day moving average of GBX 763.80.

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.