WPP Given “Buy” Rating at Deutsche Bank (WPP)
WPP (LON:WPP)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. They currently have a GBX 1,500 ($24.03) price objective on the stock. Deutsche Bank’s price objective would suggest a potential upside of 16.10% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of WPP (LON:WPP) from GBX 1,380 ($22.10) to GBX 1,425 ($22.83) in a research note to investors on Thursday, September 19th. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of WPP (LON:WPP) in a research note to investors on Wednesday, September 18th. They now have a GBX 1,400 ($22.43) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of WPP (LON:WPP) in a research note to investors on Tuesday, September 17th. They now have a GBX 1,500 ($24.03) price target on the stock.
Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the company. WPP currently has an average rating of “Buy” and a consensus price target of GBX 1,254.50 ($20.09).
WPP (LON:WPP) traded down 0.54% on Wednesday, hitting GBX 1285.00. 3,410,439 shares of the company’s stock traded hands. WPP has a one year low of GBX 892.50 and a one year high of GBX 1313.00. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0..
WPP plc (LON:WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications.
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