WPP Price Target Raised to GBX 1,480 at Morgan Stanley (WPP)
Research analysts at Morgan Stanley boosted their price target on shares of WPP (LON:WPP) from GBX 1,300 ($21.32) to GBX 1,480 ($24.27) in a report released on Thursday, American Banking News reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 10.04% from the stock’s previous close.
A number of other analysts have also recently weighed in on WPP. Analysts at Westhouse Securities reiterated a “buy” rating on shares of WPP in a research note to investors on Wednesday. They now have a GBX 1,700 ($27.88) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “sell” rating on shares of WPP in a research note to investors on Wednesday. They now have a GBX 1,085 ($17.80) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of WPP in a research note to investors on Monday. They now have a GBX 1,600 ($26.24) price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,399.93 ($22.96).
Shares of WPP (LON:WPP) opened at 1354.00 on Thursday. WPP has a 52 week low of GBX 905.00 and a 52 week high of GBX 1391.00. The stock has a 50-day moving average of GBX 1335. and a 200-day moving average of GBX 1226.68.
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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