Wpp Plc Receives “Buy” Rating from Deutsche Bank (WPP)
Wpp Plc (LON:WPP)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Monday, American Banking News reports. They currently have a GBX 1,470 ($24.76) price target on the stock. Deutsche Bank’s price target suggests a potential upside of 21.39% from the company’s current price.
Wpp Plc (LON:WPP) traded down 0.41% on Monday, hitting GBX 1212.00. 4,808,940 shares of the company’s stock traded hands. Wpp Plc has a one year low of GBX 1051.00 and a one year high of GBX 1565.00. The stock has a 50-day moving average of GBX 1236. and a 200-day moving average of GBX 1303..
A number of other firms have also recently commented on WPP. Analysts at Goldman Sachs raised their price target on shares of Wpp Plc from GBX 1,540 ($25.94) to GBX 1,555 ($26.19) in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Wpp Plc in a research note on Friday, May 9th. They now have a GBX 1,577 ($26.56) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Wpp Plc in a research note on Tuesday, April 29th. They now have a GBX 1,525 ($25.69) price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company. Wpp Plc has an average rating of “Buy” and a consensus price target of GBX 1,398.23 ($23.55).
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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