WPP’s (WPP) “Hold” Rating Reiterated at Deutsche Bank

WPP (LON:WPP)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank in a report released on Monday. They currently have a GBX 1,510 ($20.22) price target on the stock. Deutsche Bank’s price objective would suggest a potential upside of 15.18% from the company’s previous close.

A number of other equities analysts have also commented on the company. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,865 ($24.98) price target on shares of WPP in a report on Monday, October 30th. Goldman Sachs Group reissued a “buy” rating on shares of WPP in a research note on Wednesday, September 13th. J P Morgan Chase & Co dropped their price objective on WPP from GBX 1,900 ($25.45) to GBX 1,697 ($22.73) and set an “overweight” rating for the company in a research note on Monday, September 4th. Credit Suisse Group dropped their price objective on WPP from GBX 1,600 ($21.43) to GBX 1,500 ($20.09) and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Finally, Shore Capital reissued a “buy” rating on shares of WPP in a research note on Monday, October 23rd. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. WPP has a consensus rating of “Buy” and an average target price of GBX 1,775.65 ($23.78).

WPP (LON:WPP) opened at GBX 1,311 ($17.56) on Monday. WPP has a twelve month low of GBX 1,238.45 ($16.59) and a twelve month high of GBX 1,928.07 ($25.82).

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WPP Company Profile

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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