WPP Receives Overweight Rating from HSBC (WPP)
WPP (LON:WPP)‘s stock had its “overweight” rating restated by stock analysts at HSBC in a report issued on Friday, Stock Ratings Network reports. They currently have a GBX 1,500 ($24.26) target price on the stock. HSBC’s price objective suggests a potential upside of 11.61% from the company’s current price.
A number of other firms have also recently commented on WPP. 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). Separately, 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. Finally, analysts at Bank of America Corp. raised their price target on shares of WPP from GBX 1,400 ($22.64) to GBX 1,480 ($23.93) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Two equities 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. WPP presently has an average rating of “Buy” and an average price target of GBX 1,338.07 ($21.64).
Shares of WPP (LON:WPP) traded up 1.43% on Friday, hitting GBX 1344.00. The stock had a trading volume of 2,955,892 shares. 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..
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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