WPP (LON:WPP) Given Buy Rating at Berenberg Bank

WPP (LON:WPP – Get Free Report)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research note issued on Monday, Digital Look reports. They presently have a GBX 470 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 24.97% from the stock’s current price.

Other analysts have also issued reports about the company. Citigroup lifted their price target on WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 425 target price on shares of WPP in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 428.75.

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WPP Stock Down 2.0%

Shares of LON:WPP traded down GBX 7.50 during mid-day trading on Monday, hitting GBX 376.10. 2,147,000,000 shares of the company traded hands, compared to its average volume of 45,138,930. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 276.02. The stock has a 50-day moving average price of GBX 365.98 and a two-hundred day moving average price of GBX 297.78. WPP has a 12-month low of GBX 218.50 and a 12-month high of GBX 412.60. The stock has a market cap of £4.06 billion, a P/E ratio of -16.87, a P/E/G ratio of 13.47 and a beta of 0.73.

WPP (LON:WPP – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. On average, equities research analysts forecast that WPP will post 81.6125654 earnings per share for the current year.

About WPP

(Get Free Report)

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.

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