Barclays PLC Reaffirms Overweight Rating for Wpp Plc (WPP)
Wpp Plc (LON:WPP)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays PLC in a research note issued to investors on Friday. They currently have a GBX 2,025 ($26.23) target price on the stock. Barclays PLC’s price objective would suggest a potential upside of 29.06% from the company’s previous close.
A number of other analysts have also issued reports on the company. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 2,000 ($25.91) price target on shares of Wpp Plc in a report on Friday, April 28th. Liberum Capital reiterated a “buy” rating and issued a GBX 2,000 ($25.91) price target on shares of Wpp Plc in a report on Sunday, April 9th. J P Morgan Chase & Co lowered their price target on Wpp Plc from GBX 1,997 ($25.87) to GBX 1,969 ($25.51) and set an “overweight” rating for the company in a report on Wednesday, April 19th. Deutsche Bank AG reiterated a “buy” rating on shares of Wpp Plc in a report on Monday, May 1st. Finally, Macquarie reiterated an “outperform” rating and issued a GBX 2,100 ($27.20) price target on shares of Wpp Plc in a report on Friday, April 7th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,958.95 ($25.38).
Wpp Plc (WPP) opened at 1569.00 on Friday. Wpp Plc has a 1-year low of GBX 1,486.02 and a 1-year high of GBX 1,928.07. The stock has a 50 day moving average price of GBX 1,690.80 and a 200-day moving average price of GBX 1,760.10. The stock’s market cap is GBX 19.88 billion.
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In other Wpp Plc news, insider Roberto Quarta acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of GBX 1,729 ($22.40) per share, for a total transaction of £172,900 ($223,963.73).
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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