WPP Price Target Cut to GBX 1,575 by Analysts at Nomura (WPP)
Nomura lowered their price objective on shares of WPP (LON:WPP) from GBX 1,600 ($26.29) to GBX 1,575 ($25.88) in a research note issued on Friday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Nomura’s target price suggests a potential upside of 20.97% from the stock’s previous close.
WPP has been the subject of a number of other 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, February 3rd. 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 1,422.73 ($23.38).
WPP (LON:WPP) opened at 1302.00 on Friday. WPP has a 52 week low of GBX 993.5001 and a 52 week high of GBX 1391.00. The stock’s 50-day moving average is GBX 1339.56 and its 200-day moving average is 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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