WPP Rating Reiterated by Deutsche Bank (WPP)
WPP (LON:WPP)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, Stock Ratings News reports. They currently have a GBX 1,550 ($25.43) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 18.59% from the stock’s previous close.
WPP (LON:WPP) traded up 0.38% on Monday, hitting GBX 1307.00. The stock had a trading volume of 2,321,549 shares. WPP has a 52-week low of GBX 1002.0001 and a 52-week high of GBX 1391.00. The stock has a 50-day moving average of GBX 1337.18 and a 200-day moving average of GBX 1290..
A number of other firms have also recently commented on WPP. Analysts at BNP Paribas reiterated an “outperform” rating on shares of WPP in a research note to investors on Friday. They now have a GBX 1,500 ($24.61) price target on the stock. Separately, analysts at Nomura cut their price target on shares of WPP from GBX 1,600 ($26.25) to GBX 1,575 ($25.84) in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of WPP from GBX 1,617 ($26.53) to GBX 1,583 ($25.97) in a research note to investors on Tuesday, February 4th. They now have an “overweight” rating on the stock. Two equities research 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. WPP presently has a consensus rating of “Buy” and a consensus price target of GBX 1,429.30 ($23.45).
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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