WPP (LON:WPP) Stock Keeps Buy Rating at Berenberg Bank

WPP (LON:WPP)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Monday, Digital Look reports. They presently have a GBX 470 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 27.86% from the stock’s previous close.

A number of other research firms have also issued reports on WPP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 425 price target on shares of WPP in a research report on Friday, August 7th. JPMorgan Chase & Co. raised their target price on shares of WPP from GBX 350 to GBX 390 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Citigroup boosted their price target on shares of WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to 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 4.2%

Shares of LON WPP opened at GBX 367.60 on Monday. The stock has a market cap of £3.96 billion, a P/E ratio of -16.48, a PEG ratio of 13.47 and a beta of 0.73. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 276.02. WPP has a 12-month low of GBX 218.50 and a 12-month high of GBX 412.60. 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 released its earnings results 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%. As a group, equities analysts predict that WPP will post 81.6125654 EPS for the current fiscal year.

WPP Company Profile

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.