WPP (WPP) PT Lowered to GBX 1,010
WPP (LON:WPP) had its price target lowered by Deutsche Bank from GBX 1,160 ($15.16) to GBX 1,010 ($13.20) in a report published on Tuesday morning. The brokerage currently has a hold rating on the stock.
Other analysts also recently issued reports about the company. Berenberg Bank restated a sell rating and set a GBX 1,075 ($14.05) price objective on shares of WPP in a report on Thursday, August 30th. Shore Capital restated a hold rating on shares of WPP in a report on Friday, August 31st. UBS Group restated a buy rating and set a GBX 1,660 ($21.69) price objective on shares of WPP in a report on Monday, August 20th. Liberum Capital restated a buy rating and set a GBX 1,750 ($22.87) price objective on shares of WPP in a report on Monday, September 3rd. Finally, Libertas Partners restated a buy rating and set a GBX 1,750 ($22.87) price objective on shares of WPP in a report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. WPP currently has an average rating of Hold and a consensus target price of GBX 1,300.53 ($16.99).
Shares of WPP stock opened at GBX 859.60 ($11.23) on Tuesday. WPP has a fifty-two week low of GBX 1,121.44 ($14.65) and a fifty-two week high of GBX 1,774 ($23.18).
In related news, insider Mark Read purchased 10,000 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was purchased at an average cost of GBX 1,145 ($14.96) per share, for a total transaction of £114,500 ($149,614.53).
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.
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