Wpp Plc (LON:WPP) Stock Rating Reaffirmed by Citigroup Inc.
Wpp Plc (LON:WPP)‘s stock had its “buy” rating reissued by stock analysts at Citigroup Inc. in a note issued to investors on Friday.
Other equities analysts have also recently issued reports about the stock. Numis Securities Ltd restated an “add” rating and set a GBX 1,975 ($25.58) price target on shares of Wpp Plc in a report on Thursday, April 27th. Shore Capital restated a “buy” rating on shares of Wpp Plc in a report on Thursday, April 27th. Liberum Capital restated a “buy” rating and set a GBX 2,000 ($25.91) price target on shares of Wpp Plc in a report on Monday, March 27th. Deutsche Bank AG restated a “buy” rating and set a GBX 1,890 ($24.48) price target on shares of Wpp Plc in a report on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 2,090 ($27.07) price target on shares of Wpp Plc in a report on Tuesday, April 25th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 1,963.29 ($25.43).
Wpp Plc (LON:WPP) opened at 1553.00 on Friday. Wpp Plc has a 12 month low of GBX 1,486.02 and a 12 month high of GBX 1,928.07. The stock’s market capitalization is GBX 19.68 billion. The company has a 50 day moving average price of GBX 1,690.80 and a 200 day moving average price of GBX 1,760.10.
In other news, insider Roberto Quarta bought 10,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of GBX 1,729 ($22.40) per share, with a total value 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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