WPP (LON:WPP) Receives "Buy" Rating from Shore Capital

WPP (LON:WPP - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Shore Capital in a note issued to investors on Wednesday, Marketbeat reports.

Several other brokerages also recently issued reports on WPP. Citigroup reiterated a "buy" rating on shares of WPP in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of WPP from GBX 990 ($12.85) to GBX 950 ($12.33) and set a "buy" rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 946.67 ($12.29).

WPP Stock Up 6.1 %

WPP stock traded up GBX 47.20 ($0.61) during mid-day trading on Wednesday, reaching GBX 820.80 ($10.66). 3,704,445 shares of the company traded hands, compared to its average volume of 4,570,209. The stock has a market cap of £8.86 billion, a price-to-earnings ratio of 4,320.00, a P/E/G ratio of 13.47 and a beta of 1.13. WPP has a fifty-two week low of GBX 656 ($8.52) and a fifty-two week high of GBX 856.80 ($11.12). The firm's 50 day moving average price is GBX 748.52 and its 200 day moving average price is GBX 761.38. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55.

About WPP

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.