Wpp Plc (LON:WPP) has received an average rating of “Hold” from the nineteen research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 1,283 ($16.76).
Several research analysts have issued reports on the stock. UBS Group restated a “buy” rating and set a GBX 1,400 ($18.29) price target (down previously from GBX 1,520 ($19.86)) on shares of WPP in a report on Friday, October 19th. Credit Suisse Group lowered their price target on shares of WPP from GBX 1,320 ($17.25) to GBX 1,200 ($15.68) and set a “neutral” rating for the company in a report on Tuesday, October 23rd. Barclays restated an “equal weight” rating on shares of WPP in a report on Friday, October 12th. JPMorgan Chase & Co. lowered their price target on shares of WPP from GBX 1,620 ($21.17) to GBX 1,070 ($13.98) and set an “overweight” rating for the company in a report on Tuesday, November 6th. Finally, Liberum Capital restated a “buy” rating and set a GBX 1,750 ($22.87) price target on shares of WPP in a report on Monday, September 3rd.
LON:WPP traded up GBX 1.40 ($0.02) during mid-day trading on Monday, hitting GBX 815.80 ($10.66). 3,175,488 shares of the company’s stock were exchanged, compared to its average volume of 6,860,000. WPP has a fifty-two week low of GBX 1,121.44 ($14.65) and a fifty-two week high of GBX 1,774 ($23.18).
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 Consulting, Health & Wellness 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.
Featured Story: How are Outstanding Shares Different from Authorized Shares?
Receive News & Ratings for WPP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP and related companies with MarketBeat.com's FREE daily email newsletter.