WPP (LON:WPP) Stock Price Expected to Rise, Berenberg Bank Analyst Says

WPP (LON:WPPGet Free Report) had its target price lifted by analysts at Berenberg Bank from GBX 405 to GBX 470 in a research report issued on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 22.59% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Citigroup upped their price target on shares of WPP from GBX 285 to GBX 430 and gave the company a “neutral” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 425 price objective on shares of WPP in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a research report 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’s stock. According to data from MarketBeat, WPP has an average rating of “Moderate Buy” and a consensus target price of GBX 428.75.

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WPP Price Performance

Shares of LON:WPP opened at GBX 383.40 on Tuesday. The company has a market cap of £4.14 billion, a PE ratio of -17.19, 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. The firm has a 50-day simple moving average of GBX 341.73 and a 200 day simple moving average of GBX 288.21. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02.

WPP (LON:WPPGet Free Report) last posted 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%. On average, sell-side analysts anticipate that WPP will post 81.6125654 EPS for the current year.

WPP Company Profile

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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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