WPP (LON:WPP)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a report released on Friday, Borsen Zeitung reports. They presently have a GBX 1,070 ($13.98) target price on the stock. Deutsche Bank’s price target points to a potential upside of 11.41% from the company’s previous close.
A number of other research firms have also weighed in on WPP. Barclays restated an “equal weight” rating and set a GBX 1,000 ($13.07) target price on shares of WPP in a research note on Thursday, April 4th. UBS Group reiterated a “buy” rating and issued a GBX 1,150 ($15.03) price target on shares of WPP in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. increased their price target on shares of WPP from GBX 1,070 ($13.98) to GBX 1,090 ($14.24) and gave the company an “overweight” rating in a research note on Friday, March 1st. Credit Suisse Group increased their price target on shares of WPP from GBX 1,015 ($13.26) to GBX 1,050 ($13.72) and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 900 ($11.76) price target on shares of WPP in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,174.38 ($15.35).
Shares of LON:WPP traded up GBX 2.80 ($0.04) during trading on Friday, reaching GBX 960.40 ($12.55). The stock had a trading volume of 2,713,670 shares, compared to its average volume of 6,860,000. WPP has a one year low of GBX 791 ($10.34) and a one year high of GBX 1,323.50 ($17.29). The stock has a market capitalization of $12.12 billion and a P/E ratio of 11.39. The company has a debt-to-equity ratio of 67.91, a quick ratio of 0.94 and a current ratio of 0.96.
In other WPP news, insider Mark Read sold 20,104 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of GBX 968 ($12.65), for a total transaction of £194,606.72 ($254,288.15). Also, insider Cindy Rose purchased 8,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of GBX 951 ($12.43) per share, for a total transaction of £76,080 ($99,412.00).
WPP Company Profile
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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