WPP (LON:WPP) Price Target Cut to GBX 960 by Analysts at JPMorgan Chase & Co.

WPP (LON:WPP) had its price objective dropped by research analysts at JPMorgan Chase & Co. from GBX 1,040 ($13.01) to GBX 960 ($12.01) in a research report issued on Tuesday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 25.06% from the stock’s previous close.

Separately, Shore Capital reaffirmed a “buy” rating on shares of WPP in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 970 ($12.14).

WPP Price Performance

Shares of LON WPP traded down GBX 22.79 ($0.29) during mid-day trading on Tuesday, reaching GBX 767.62 ($9.60). The company’s stock had a trading volume of 5,000,438 shares, compared to its average volume of 3,024,792. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89. WPP has a 52 week low of GBX 678.80 ($8.49) and a 52 week high of GBX 903 ($11.30). The stock has a fifty day moving average of GBX 842.65 and a two-hundred day moving average of GBX 777.95. The firm has a market capitalization of £8.29 billion, a PE ratio of 4,040.08, a P/E/G ratio of 13.47 and a beta of 1.13.

Insider Activity

In related news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction on 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). Corporate insiders own 0.22% of the company’s stock.

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.