WPP Given Consensus Recommendation of “Buy” by Analysts (LON:WPP)
WPP (LON:WPP) has received a consensus recommendation of “Buy” from the thirty ratings firms that are presently covering the company, AnalystRatings.NET reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 1,425.62 ($23.43).
WPP has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of WPP from GBX 1,617 ($26.57) to GBX 1,583 ($26.01) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of WPP in a research note to investors on Monday. They now have a GBX 1,540 ($25.31) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of WPP in a research note to investors on Tuesday, January 28th.
WPP (LON:WPP) traded up 2.04% during mid-day trading on Thursday, hitting GBX 1298.00. The stock had a trading volume of 1,642,168 shares. WPP has a 52 week low of GBX 993.5001 and a 52 week high of GBX 1391.00. The stock has a 50-day moving average of GBX 1339.56 and a 200-day moving average of GBX 1287..
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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