WPP (LON:WPP - Free Report) had its price objective decreased by JPMorgan Chase & Co. from GBX 1,040 ($13.01) to GBX 960 ($12.01) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Separately, Shore Capital reaffirmed a "buy" rating on shares of WPP in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, WPP has a consensus rating of "Moderate Buy" and a consensus price target of GBX 970 ($12.14).
Check Out Our Latest Analysis on WPP
WPP Stock Performance
LON:WPP traded down GBX 32.40 ($0.41) during trading hours on Tuesday, reaching GBX 758 ($9.48). The stock had a trading volume of 3,702,766 shares, compared to its average volume of 2,700,374. The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50 day simple moving average of GBX 842.65 and a 200 day simple moving average of GBX 777.95. WPP has a 12-month low of GBX 678.80 ($8.49) and a 12-month high of GBX 903 ($11.30). The stock has a market cap of £8.19 billion, a P/E ratio of 3,989.47, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.
Insider Activity at WPP
In other WPP news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.76), for a total transaction of £75,628.40 ($94,618.29). 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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