Goldman Sachs Group Inc. Reiterates “Buy” Rating for WPP (WPP)
WPP (LON:WPP)‘s stock had its “buy” rating restated by Goldman Sachs Group Inc. in a research note issued on Friday, StockRatingsNetwork.com reports. They currently have a GBX 1,700 ($28.02) target price on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 25.65% from the company’s current price.
A number of other analysts have also recently weighed in on WPP. Analysts at Citigroup Inc. raised their price target on shares of WPP from GBX 1,250 ($20.60) to GBX 1,400 ($23.07) in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of WPP from GBX 1,400 ($23.07) to GBX 1,600 ($26.37) in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at HSBC raised their price target on shares of WPP from GBX 1,500 ($24.72) to GBX 1,600 ($26.37) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 1,427.78 ($23.53).
WPP (LON:WPP) traded down 0.88% during mid-day trading on Friday, hitting GBX 1353.00. The stock had a trading volume of 2,967,667 shares. WPP has a 1-year low of GBX 951.00 and a 1-year high of GBX 1391.00. The stock’s 50-day moving average is GBX 1335. and its 200-day moving average is 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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