WPP (WPP) Earns Buy Rating from UBS Group
UBS Group reissued their buy rating on shares of WPP (LON:WPP) in a report published on Wednesday, www.digitallook.com reports. The brokerage currently has a GBX 1,520 ($19.61) price target on the stock, down from their prior price target of GBX 1,660 ($21.41).
A number of other brokerages also recently weighed in on WPP. Citigroup reissued a buy rating on shares of WPP in a report on Friday, May 18th. Liberum Capital reaffirmed a buy rating on shares of WPP in a research note on Monday, May 14th. Deutsche Bank reaffirmed a hold rating and set a GBX 1,510 ($19.48) price objective on shares of WPP in a research note on Thursday, August 23rd. Berenberg Bank reaffirmed a sell rating and set a GBX 1,075 ($13.87) price objective on shares of WPP in a research note on Thursday, August 30th. Finally, Shore Capital reaffirmed a hold rating on shares of WPP in a research note on Friday, August 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. WPP currently has an average rating of Hold and an average price target of GBX 1,466.74 ($18.92).
Shares of LON WPP opened at GBX 1,165 ($15.03) on Wednesday. WPP has a twelve month low of GBX 1,121.44 ($14.47) and a twelve month high of GBX 1,774 ($22.88).
In other news, insider Mark Read acquired 10,000 shares of WPP stock in a transaction on Thursday, September 6th. The stock was bought at an average cost of GBX 1,145 ($14.77) per share, with a total value of £114,500 ($147,703.82).
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 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.
Featured Story: Asset Allocation and Your Retirement
Receive News & Ratings for WPP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP and related companies with MarketBeat.com's FREE daily email newsletter.