Wpp Plc’s (WPP) Outperform Rating Reiterated at Macquarie
Wpp Plc (LON:WPP)‘s stock had its “outperform” rating reaffirmed by investment analysts at Macquarie in a report released on Friday. They currently have a GBX 1,800 ($23.44) target price on the stock. Macquarie’s target price would indicate a potential upside of 13.85% from the company’s previous close.
Several other equities research analysts also recently commented on WPP. UBS Group AG began coverage on shares of Wpp Plc in a research report on Tuesday, June 13th. They set a “buy” rating and a GBX 2,050 ($26.70) target price on the stock. Liberum Capital restated a “buy” rating and set a GBX 2,000 ($26.05) price target on shares of Wpp Plc in a report on Monday. Goldman Sachs Group, Inc. (The) lowered their price target on shares of Wpp Plc from GBX 2,090 ($27.22) to GBX 1,995 ($25.98) and set a “buy” rating for the company in a report on Tuesday, July 18th. J P Morgan Chase & Co restated an “overweight” rating on shares of Wpp Plc in a report on Thursday, June 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a GBX 2,000 ($26.05) price target on shares of Wpp Plc in a report on Tuesday, July 11th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Wpp Plc has a consensus rating of “Buy” and an average price target of GBX 1,939.29 ($25.25).
Shares of Wpp Plc (LON:WPP) opened at 1577.00 on Friday. The company’s 50 day moving average is GBX 1,588.23 and its 200-day moving average is GBX 1,708.60. The company’s market capitalization is GBX 19.98 billion. Wpp Plc has a 1-year low of GBX 1,531.00 and a 1-year high of GBX 1,928.07.
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In other Wpp Plc news, insider Roberto Quarta purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of GBX 1,729 ($22.52) per share, for a total transaction of £172,900 ($225,159.53).
About Wpp Plc
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 & Identity, Healthcare 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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