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

WPP (LON:WPP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued on Monday, Digital Look reports. They currently have a GBX 470 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 24.97% from the company’s previous close.

Several other research firms have also weighed in on WPP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 425 price target on shares of WPP in a report on Friday, August 7th. Citigroup lifted their price objective on shares of WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of WPP from GBX 350 to GBX 390 and gave the company a “neutral” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 428.75.

WPP Trading Down 2.0%

WPP traded down GBX 7.50 on Monday, hitting GBX 376.10. The company had a trading volume of 2,147,000,000 shares, compared to its average volume of 45,138,930. The company has a market cap of £4.06 billion, a PE ratio of -16.87, a PEG ratio of 13.47 and a beta of 0.73. WPP has a 12-month low of GBX 218.50 and a 12-month high of GBX 412.60. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02. The business’s fifty day simple moving average is GBX 365.98 and its 200 day simple moving average is GBX 297.78.

WPP (LON:WPP) last issued its quarterly earnings data on Friday, August 7th. The company reported GBX 1.80 earnings per share (EPS) for the quarter. WPP had a negative return on equity of 9.33% and a negative net margin of 1.81%. Equities research analysts expect that WPP will post 81.6125654 EPS for the current year.

About WPP

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.