WPP Given Neutral Rating at Citigroup Inc. (WPP)
WPP (LON:WPP)‘s stock had its “neutral” rating reaffirmed by Citigroup Inc. in a research note issued on Monday, StockRatingsNetwork reports. They currently have a GBX 1,400 ($23.07) price target on the stock. Citigroup Inc.’s price objective points to a potential upside of 10.06% from the company’s current price.
Shares of WPP (LON:WPP) traded down 2.15% during mid-day trading on Monday, hitting GBX 1272.00. 4,100,623 shares of the company’s stock traded hands. WPP has a 52 week low of GBX 969.50 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.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of WPP in a research note to investors on Monday, January 20th. They now have a GBX 1,550 ($25.54) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of WPP in a research note to investors on Friday, January 17th. They now have a GBX 1,600 ($26.36) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of WPP in a research note to investors on Friday, January 17th. They now have a GBX 1,700 ($28.01) price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 1,426.67 ($23.51).
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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