Wpp Plc (WPP) Stock Rating Reaffirmed by Shore Capital

Wpp Plc (LON:WPP)‘s stock had its “buy” rating reissued by equities research analysts at Shore Capital in a note issued to investors on Tuesday.

Other equities research analysts have also issued research reports about the stock. Macquarie reiterated an “outperform” rating and set a GBX 1,800 ($23.75) price objective on shares of Wpp Plc in a report on Friday, August 11th. Liberum Capital reiterated a “buy” rating and set a GBX 2,000 ($26.39) price objective on shares of Wpp Plc in a report on Monday, July 17th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,750 ($23.09) price objective (down previously from GBX 1,890 ($24.94)) on shares of Wpp Plc in a report on Monday, July 17th. Morgan Stanley decreased their price objective on shares of Wpp Plc from GBX 1,975 ($26.06) to GBX 1,930 ($25.47) and set an “overweight” rating for the company in a report on Friday, August 18th. Finally, Goldman Sachs Group, Inc. (The) decreased their price objective on shares of Wpp Plc from GBX 2,090 ($27.58) to GBX 1,995 ($26.33) and set a “buy” rating for the company in a report on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 1,780.50 ($23.50).

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In other news, insider Jacques Aigrain acquired 4,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of GBX 1,439 ($18.99) per share, with a total value 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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