Wpp Plc’s (WPP) “Outperform” Rating Reiterated at Credit Suisse Group
Wpp Plc (LON:WPP)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group in a research note issued on Friday.
A number of other research analysts have also recently weighed in on WPP. UBS AG assumed coverage on Wpp Plc in a research report on Tuesday, June 13th. They set a “buy” rating and a GBX 2,050 ($26.77) price objective on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 2,000 ($26.12) price objective on shares of Wpp Plc in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) lowered their price objective on Wpp Plc from GBX 2,090 ($27.29) to GBX 1,995 ($26.05) and set a “buy” rating on the stock in a research report on Tuesday, July 18th. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,000 ($26.12) price objective on shares of Wpp Plc in a research report on Monday, July 17th. Finally, J P Morgan Chase & Co lowered their price objective on Wpp Plc from GBX 1,969 ($25.71) to GBX 1,900 ($24.81) and set an “overweight” rating on the stock in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,948.81 ($25.45).
Shares of Wpp Plc (WPP) opened at 1600.00 on Friday. The stock has a 50 day moving average of GBX 1,635.45 and a 200-day moving average of GBX 1,737.96. Wpp Plc has a one year low of GBX 1,531.00 and a one year high of GBX 1,928.07. The stock’s market capitalization is GBX 20.27 billion.
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In other news, insider Roberto Quarta acquired 10,000 shares of Wpp Plc stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of GBX 1,729 ($22.58) per share, with a total value of £172,900 ($225,776.97).
Wpp Plc Company Profile
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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