Wpp Plc (WPP) Given Average Recommendation of “Buy” by Analysts
Shares of Wpp Plc (LON:WPP) have been given a consensus rating of “Buy” by the twenty brokerages that are presently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,626.17 ($22.47).
Several analysts have issued reports on the company. Beaufort Securities lowered WPP to a “hold” rating and set a GBX 1,300 ($17.96) target price for the company. in a research note on Thursday. Barclays cut their target price on WPP from GBX 1,450 ($20.03) to GBX 1,375 ($19.00) and set an “equal weight” rating for the company in a research note on Friday. Credit Suisse Group cut their target price on WPP from GBX 1,440 ($19.89) to GBX 1,400 ($19.34) and set a “neutral” rating for the company in a research note on Friday. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,815 ($25.08) target price on shares of WPP in a research note on Wednesday, November 29th. Finally, JPMorgan Chase & Co. set a GBX 1,758 ($24.29) target price on WPP and gave the stock a “buy” rating in a research note on Wednesday, December 6th.
WPP (LON:WPP) traded down GBX 14 ($0.19) during mid-day trading on Friday, hitting GBX 1,266 ($17.49). 9,401,165 shares of the company traded hands, compared to its average volume of 6,340,000. WPP has a one year low of GBX 1,185.73 ($16.38) and a one year high of GBX 1,928.07 ($26.64).
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WPP Company Profile
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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