WPP Stock Rating Reaffirmed by AlphaValue (WPP)
WPP (LON:WPP)‘s stock had its “reduce” rating reiterated by analysts at AlphaValue in a research report issued to clients and investors on Thursday, Analyst Ratings Network reports. They currently have a GBX 1,220 ($19.54) price target on the stock. AlphaValue’s target price suggests a potential downside of 5.06% from the stock’s previous close.
Shares of WPP (LON:WPP) traded down 0.31% on Thursday, hitting GBX 1281.00. The stock had a trading volume of 1,084,891 shares. WPP has a one year low of GBX 892.50 and a one year high of GBX 1313.00. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..
WPP has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of WPP (LON:WPP) in a research note to investors on Wednesday. They now have a GBX 1,500 ($24.03) price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company’s stock. WPP currently has an average rating of “Buy” and a consensus target price of GBX 1,257.25 ($20.14).
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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