Wpp Plc (WPP) Price Target Cut to GBX 1,500 by Analysts at Credit Suisse Group

Wpp Plc (LON:WPP) had its price objective cut by analysts at Credit Suisse Group from GBX 1,600 ($21.11) to GBX 1,500 ($19.79) in a research note issued to investors on Thursday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 12.44% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Liberum Capital restated a “buy” rating and issued a GBX 2,000 ($26.39) price target on shares of Wpp Plc in a research report on Monday, July 17th. Citigroup Inc. restated a “buy” rating on shares of Wpp Plc in a research report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,000 ($26.39) price target on shares of Wpp Plc in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) reduced their price target on shares of Wpp Plc from GBX 2,090 ($27.58) to GBX 1,995 ($26.33) and set a “buy” rating on the stock in a research report on Tuesday, July 18th. Finally, Kepler Capital Markets restated a “buy” rating and issued a GBX 2,100 ($27.71) price target on shares of Wpp Plc in a research report on Tuesday, August 22nd. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Wpp Plc currently has a consensus rating of “Buy” and a consensus price target of GBX 1,775.50 ($23.43).

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In related news, insider Jacques Aigrain purchased 4,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of GBX 1,439 ($18.99) per share, for a total transaction of £57,560 ($75,956.72).

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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