Nomura Reiterates “Buy” Rating for WPP (WPP)
WPP (LON:WPP)‘s stock had its “buy” rating reiterated by research analysts at Nomura in a report released on Friday, StockRatingsNetwork reports.
Shares of WPP (LON:WPP) opened at 1366.00 on Friday. WPP has a 52-week low of GBX 951.00 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.
A number of other firms have also recently commented on WPP. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of WPP in a research note to investors on Friday. They now have a GBX 1,700 ($28.02) price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 1,421.15 ($23.42).
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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