WPP plc (LON:WPP) Receives Average Recommendation of “Moderate Buy” from Brokerages

WPP plc (LON:WPP) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 965.83 ($12.25).

A number of research firms have commented on WPP. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WPP from GBX 998 ($12.66) to GBX 990 ($12.56) and set a “buy” rating on the stock in a research note on Friday. Shore Capital reiterated a “buy” rating on shares of WPP in a research report on Thursday.

WPP Price Performance

Shares of WPP stock opened at GBX 730 ($9.26) on Friday. The company has a market capitalization of £7.88 billion, a PE ratio of 7,300.00, a price-to-earnings-growth ratio of 13.47 and a beta of 1.11. The firm has a fifty day simple moving average of GBX 798.45 and a 200-day simple moving average of GBX 763.64. The company has a current ratio of 0.86, a quick ratio of 0.89 and a debt-to-equity ratio of 179.40. WPP has a twelve month low of GBX 656 ($8.32) and a twelve month high of GBX 878.60 ($11.15).

WPP Company Profile

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.