Shore Capital Reiterates Buy Rating for WPP (LON:WPP)

WPP (LON:WPP)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a research report issued to clients and investors on Thursday, Digital Look reports.

WPP has been the subject of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of WPP from GBX 850 ($10.58) to GBX 890 ($11.08) and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Barclays reissued an “overweight” rating and issued a GBX 1,000 ($12.45) price objective on shares of WPP in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,005.83 ($12.52).

WPP Stock Performance

LON WPP opened at GBX 769.20 ($9.58) on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.89 and a debt-to-equity ratio of 179.40. The firm has a market capitalization of £8.23 billion, a price-to-earnings ratio of 7,684.00, a P/E/G ratio of 2.54 and a beta of 1.14. The firm’s 50 day simple moving average is GBX 739 and its 200 day simple moving average is GBX 733.75. WPP has a 1 year low of GBX 656 ($8.17) and a 1 year high of GBX 971.40 ($12.09).

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.