Wpp Plc (WPP) Earns “Outperform” Rating from Macquarie
Wpp Plc (LON:WPP)‘s stock had its “outperform” rating restated by equities researchers at Macquarie in a research report issued to clients and investors on Monday. They presently have a GBX 2,000 ($25.84) price target on the stock. Macquarie’s price target would suggest a potential upside of 19.76% from the stock’s previous close.
Several other research analysts have also recently commented on WPP. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,100 ($27.14) target price on shares of Wpp Plc in a report on Tuesday, February 21st. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 1,975 ($25.52) target price on shares of Wpp Plc in a report on Tuesday, February 21st. Shore Capital reaffirmed a “buy” rating on shares of Wpp Plc in a report on Monday, February 27th. J P Morgan Chase & Co lowered their target price on shares of Wpp Plc from GBX 2,102 ($27.16) to GBX 1,997 ($25.80) and set an “overweight” rating on the stock in a report on Monday, March 6th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,890 ($24.42) target price on shares of Wpp Plc in a report on Monday, March 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,960.20 ($25.33).
Wpp Plc (LON WPP) opened at 1670.32 on Monday. Wpp Plc has a 52 week low of GBX 1,204.00 and a 52 week high of GBX 1,928.07. The company’s 50-day moving average price is GBX 1,704.47 and its 200 day moving average price is GBX 1,764.51. The company’s market capitalization is GBX 21.16 billion.
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In other news, insider Roberto Quarta bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average price of GBX 1,729 ($22.34) per share, for a total transaction of £172,900 ($223,413.88).
About Wpp Plc
WPP plc (WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications. Advertising and Media Investment Management, where it operates advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network.
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