WPP (LON:WPP - Free Report) had its price target lifted by JPMorgan Chase & Co. from GBX 860 ($10.97) to GBX 1,040 ($13.27) in a research report released on Wednesday, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the stock.
A number of other analysts have also weighed in on the company. Shore Capital restated a "buy" rating on shares of WPP in a report on Wednesday, October 23rd. Citigroup restated a "buy" rating on shares of WPP in a research note on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 996.67 ($12.71).
View Our Latest Research Report on WPP
WPP Trading Up 0.3 %
WPP traded up GBX 2.80 ($0.04) on Wednesday, reaching GBX 881.80 ($11.25). 3,850,468 shares of the company traded hands, compared to its average volume of 4,291,840. The company has a market cap of £9.52 billion, a P/E ratio of 4,641.05, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55. WPP has a one year low of GBX 678.80 ($8.66) and a one year high of GBX 903 ($11.52). The firm has a fifty day simple moving average of GBX 822.76 and a two-hundred day simple moving average of GBX 771.91.
Insider Buying and Selling at WPP
In related news, insider Joanne Wilson sold 8,794 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.97), for a total value of £75,628.40 ($96,477.10). 0.22% of the stock is owned by corporate insiders.
About WPP
(
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WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.
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