Liberum Capital Reaffirms “Buy” Rating for Wpp Plc (WPP)

Wpp Plc (LON:WPP)‘s stock had its “buy” rating restated by equities researchers at Liberum Capital in a research report issued to clients and investors on Monday, August 7th. They presently have a GBX 2,000 ($25.96) price objective on the stock. Liberum Capital’s price target points to a potential upside of 27.88% from the company’s current price.

WPP has been the topic of several other research reports. J P Morgan Chase & Co restated an “overweight” rating on shares of Wpp Plc in a research report on Friday, April 28th. Shore Capital downgraded Wpp Plc to a “hold” rating in a research note on Tuesday, June 27th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,025 ($26.29) price target on shares of Wpp Plc in a research note on Friday, July 7th. Macquarie reaffirmed an “outperform” rating and set a GBX 1,800 ($23.37) price target on shares of Wpp Plc in a research note on Tuesday, August 1st. Finally, Citigroup Inc. reissued a “buy” rating on shares of Wpp Plc in a research note on Monday, May 15th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 1,937.14 ($25.15).

Shares of Wpp Plc (WPP) opened at 1564.00 on Monday. Wpp Plc has a 1-year low of GBX 1,531.00 and a 1-year high of GBX 1,928.07. The firm’s 50 day moving average is GBX 1,576.65 and its 200 day moving average is GBX 1,698.31. The firm’s market capitalization is GBX 19.82 billion.

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About Wpp Plc

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 & Identity, Healthcare 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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