Goldman Sachs Lowers Wpp Plc Price Target to GBX 1,535 (WPP)
Investment analysts at Goldman Sachs cut their target price on shares of Wpp Plc (LON:WPP) from GBX 1,555 ($26.67) to GBX 1,535 ($26.33) in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Goldman Sachs’ target price indicates a potential upside of 23.39% from the stock’s previous close.
Wpp Plc (LON:WPP) traded down 2.05% during mid-day trading on Tuesday, hitting GBX 1244.00. The stock had a trading volume of 2,225,999 shares. Wpp Plc has a one year low of GBX 1116.00 and a one year high of GBX 1565.00. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £16.462 billion.
A number of other firms have also recently commented on WPP. Analysts at Pivotal Research reiterated a “hold” rating on shares of Wpp Plc in a research note on Monday. They now have a GBX 1,250 ($21.44) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Wpp Plc in a research note on Thursday, July 3rd. They now have a GBX 1,530 ($26.24) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Wpp Plc in a research note on Wednesday, July 2nd. They now have a GBX 1,470 ($25.21) price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 1,399.19 ($24.00).
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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