WPP (LON:WPP) Earns “Buy” Rating from Berenberg Bank

WPP (LON:WPP)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report issued on Monday, Digital Look reports. They currently have a GBX 470 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 25.43% from the company’s previous close.

Several other equities analysts have also commented on the company. Citigroup upped their target price on WPP from GBX 285 to GBX 430 and gave the company a “neutral” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 425 price objective on shares of WPP in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 428.75.

WPP Stock Down 2.3%

Shares of WPP stock traded down GBX 8.90 during mid-day trading on Monday, reaching GBX 374.70. 2,147,000,000 shares of the company were exchanged, compared to its average volume of 45,138,930. The company has a debt-to-equity ratio of 276.02, a quick ratio of 0.89 and a current ratio of 0.87. The business’s 50 day simple moving average is GBX 365.98 and its 200 day simple moving average is GBX 297.78. The company has a market capitalization of £4.04 billion, a P/E ratio of -16.80, a P/E/G ratio of 13.47 and a beta of 0.73. WPP has a fifty-two week low of GBX 218.50 and a fifty-two week high of GBX 412.60.

WPP (LON:WPP) last released its earnings results on Friday, August 7th. The company reported GBX 1.80 EPS for the quarter. WPP had a negative return on equity of 9.33% and a negative net margin of 1.81%. Research analysts predict that WPP will post 81.6125654 earnings per share 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.