WPP (LON:WPP)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a research note issued to investors on Tuesday. They presently have a GBX 1,815 ($24.43) price target on the stock. Liberum Capital’s target price suggests a potential upside of 36.47% from the stock’s previous close.
Several other research firms have also recently issued reports on WPP. Numis Securities reissued an “under review” rating on shares of WPP in a research note on Tuesday, October 31st. Shore Capital upgraded shares of WPP to a “buy” rating in a report on Friday, September 29th. Deutsche Bank lowered their price objective on shares of WPP from GBX 1,750 ($23.55) to GBX 1,510 ($20.32) and set a “hold” rating for the company in a report on Wednesday, November 1st. Morgan Stanley lowered shares of WPP to an “equal weight” rating and lowered their target price for the company from GBX 1,930 ($25.98) to GBX 1,600 ($21.53) in a report on Tuesday, September 26th. Finally, Berenberg Bank lowered their target price on shares of WPP from GBX 1,750 ($23.55) to GBX 1,410 ($18.98) and set a “hold” rating for the company in a report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. WPP presently has a consensus rating of “Buy” and an average target price of GBX 1,776.05 ($23.90).
Shares of WPP (LON WPP) opened at GBX 1,330 ($17.90) on Tuesday. WPP has a 12 month low of GBX 1,238.45 ($16.67) and a 12 month high of GBX 1,928.07 ($25.95).
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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