Wpp Plc (WPP) Receives Consensus Recommendation of “Buy” from Brokerages
Wpp Plc (LON:WPP) has received a consensus rating of “Buy” from the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 1,931.84 ($25.08).
WPP has been the subject of a number of research analyst reports. J P Morgan Chase & Co cut their target price on shares of Wpp Plc from GBX 1,997 ($25.92) to GBX 1,969 ($25.56) and set an “overweight” rating for the company in a research report on Wednesday, April 19th. Shore Capital reissued a “buy” rating on shares of Wpp Plc in a research report on Wednesday, April 19th. Deutsche Bank AG reissued a “buy” rating and set a GBX 1,890 ($24.54) price objective on shares of Wpp Plc in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 2,090 ($27.13) price objective on shares of Wpp Plc in a research report on Tuesday, April 25th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 2,000 ($25.96) price objective on shares of Wpp Plc in a research report on Thursday, April 27th.
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Wpp Plc (LON:WPP) traded up 1.14% during midday trading on Tuesday, hitting GBX 1598.00. The company’s stock had a trading volume of 2,320,452 shares. The firm’s market cap is GBX 20.25 billion. Wpp Plc has a 12 month low of GBX 1,531.00 and a 12 month high of GBX 1,928.07. The company’s 50 day moving average price is GBX 1,581.75 and its 200 day moving average price is GBX 1,701.93.
In related news, insider Roberto Quarta purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of GBX 1,729 ($22.45) per share, for a total transaction of £172,900 ($224,458.00).
About Wpp Plc
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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