WPP Stock Rating Reaffirmed by HSBC (WPP)
WPP (LON:WPP)‘s stock had its “overweight” rating restated by stock analysts at HSBC in a report issued on Monday, AnalystRatings.Net reports. They currently have a GBX 960 ($15.33) target price on the stock. HSBC’s price target would indicate a potential downside of 22.50% from the company’s current price.
WPP (LON:WPP) traded up 0.06% during mid-day trading on Monday, hitting GBX 1238.78. 1,210,019 shares of the company’s stock traded hands. WPP has a 1-year low of GBX 892.50 and a 1-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..
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of WPP in a research note to investors on Friday. Separately, analysts at AlphaValue reiterated a “reduce” rating on shares of WPP in a research note to investors on Thursday. They now have a GBX 1,213 ($19.36) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of WPP in a research note to investors on Tuesday, October 8th. They now have a GBX 1,300 ($20.75) price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 1,262.57 ($20.16).
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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