WPP Price Target Increased to GBX 1,617 by Analysts at JPMorgan Chase & Co. (WPP)
Equities research analysts at JPMorgan Chase & Co. upped their price objective on shares of WPP (LON:WPP) from GBX 1,520 ($24.58) to GBX 1,617 ($26.15) in a research note issued to investors on Friday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 20.31% from the stock’s previous close.
WPP (LON:WPP) traded up 1.43% on Friday, hitting GBX 1344.00. 2,955,892 shares of the company’s stock traded hands. WPP has a 52 week low of GBX 892.50 and a 52 week high of GBX 1322.00. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..
A number of other analysts have also recently weighed in on WPP. Analysts at HSBC reiterated an “overweight” rating on shares of WPP in a research note to investors on Friday. They now have a GBX 1,500 ($24.26) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of WPP in a research note to investors on Thursday. They now have a GBX 1,469 ($23.75) price target on the stock, up previously from GBX 1,325 ($21.43). Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of WPP in a research note to investors on Thursday. They now have a GBX 1,425 ($23.04) price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. WPP has an average rating of “Buy” and a consensus price target of GBX 1,338.07 ($21.64).
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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