WPP (WPP) Price Target Increased to GBX 1,758 by Analysts at J P Morgan Chase & Co

WPP (LON:WPP) had its price target raised by stock analysts at J P Morgan Chase & Co from GBX 1,750 ($23.55) to GBX 1,758 ($23.66) in a research note issued to investors on Thursday. The brokerage presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 32.89% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank restated a “hold” rating and issued a GBX 1,750 ($23.55) target price on shares of WPP in a research note on Wednesday, October 25th. Liberum Capital restated a “buy” rating and issued a GBX 1,865 ($25.10) target price on shares of WPP in a research note on Monday, October 30th. Goldman Sachs Group restated a “buy” rating on shares of WPP in a research note on Wednesday, September 13th. Credit Suisse Group lowered their target price on shares of WPP from GBX 1,600 ($21.53) to GBX 1,500 ($20.19) and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Finally, Shore Capital restated a “buy” rating on shares of WPP in a research note on Monday, October 23rd. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 1,776.05 ($23.90).

WPP (WPP) opened at GBX 1,322.87 ($17.80) on Thursday. WPP has a one year low of GBX 1,238.45 ($16.67) and a one year high of GBX 1,928.07 ($25.95).

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About WPP

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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