Wpp Plc (WPP) PT Lowered to GBX 1,510
Wpp Plc (LON:WPP) had its price objective cut by stock analysts at Deutsche Bank AG from GBX 1,750 ($23.09) to GBX 1,510 ($19.93) in a report released on Wednesday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 14.32% from the company’s previous close.
Several other equities research analysts also recently issued reports on the stock. Berenberg Bank cut their target price on shares of Wpp Plc from GBX 1,750 ($23.09) to GBX 1,410 ($18.61) and set a “hold” rating for the company in a research note on Wednesday. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Wpp Plc in a research note on Wednesday. Numis Securities Ltd reiterated an “under review” rating on shares of Wpp Plc in a research note on Tuesday. Shore Capital reiterated a “buy” rating on shares of Wpp Plc in a research note on Tuesday. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 1,865 ($24.61) target price on shares of Wpp Plc in a research note on Monday. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 1,775.50 ($23.43).
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In other Wpp Plc news, insider Jacques Aigrain bought 4,000 shares of the stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of GBX 1,439 ($18.99) per share, with a total value of £57,560 ($75,956.72).
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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