Investec Reiterates “Buy” Rating for Wpp Plc (WPP)
Wpp Plc (LON:WPP)‘s stock had its “buy” rating reaffirmed by stock analysts at Investec in a report issued on Tuesday. They currently have a GBX 1,420 ($23.50) target price on the stock. Investec’s price objective indicates a potential upside of 15.73% from the stock’s previous close.
Wpp Plc (LON:WPP) opened at 1247.00 on Tuesday. Wpp Plc has a 1-year low of GBX 1162.00 and a 1-year high of GBX 1565.00. The stock has a 50-day moving average of GBX 1217.93 and a 200-day moving average of GBX 1255.. The company’s market cap is £16.502 billion.
WPP has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Wpp Plc in a research note on Tuesday. They now have a GBX 1,280 ($21.18) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Wpp Plc in a research note on Tuesday. They now have a GBX 1,577 ($26.10) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Wpp Plc in a research note on Tuesday, August 19th. They now have a GBX 1,552 ($25.68) price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the stock. Wpp Plc has a consensus rating of “Buy” and a consensus price target of GBX 1,450.38 ($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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