Wpp Plc (WPP) PT Lowered to GBX 1,865
Wpp Plc (LON:WPP) had its price objective decreased by investment analysts at Liberum Capital from GBX 2,000 ($25.83) to GBX 1,865 ($24.09) in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the stock. Liberum Capital’s target price would indicate a potential upside of 33.88% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. UBS AG assumed coverage on shares of Wpp Plc in a research note on Tuesday, June 13th. They set a “buy” rating and a GBX 2,050 ($26.48) target price on the stock. Macquarie restated an “outperform” rating and set a GBX 1,800 ($23.25) target price on shares of Wpp Plc in a research note on Friday, August 11th. Deutsche Bank AG restated a “hold” rating and set a GBX 1,750 ($22.60) target price (down previously from GBX 1,890 ($24.41)) on shares of Wpp Plc in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) lowered their target price on shares of Wpp Plc from GBX 2,090 ($26.99) to GBX 1,995 ($25.77) and set a “buy” rating on the stock in a research note on Tuesday, July 18th. Finally, Morgan Stanley lowered their target price on shares of Wpp Plc from GBX 1,975 ($25.51) to GBX 1,930 ($24.93) and set an “overweight” rating on the stock in a research note on Friday, August 18th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,846.19 ($23.84).
Wpp Plc (WPP) traded down 0.21% during mid-day trading on Friday, reaching GBX 1393.00. 4,882,157 shares of the company were exchanged. The stock has a 50-day moving average price of GBX 1,519.00 and a 200 day moving average price of GBX 1,654.32. The company’s market capitalization is GBX 17.64 billion. Wpp Plc has a one year low of GBX 1,375.00 and a one year high of GBX 1,928.07.
Wpp Plc (LON:WPP) last posted its earnings results on Sunday, August 20th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. Analysts predict that Wpp Plc will post $125.93 EPS for the current year.
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In other Wpp Plc news, insider Jacques Aigrain purchased 4,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was acquired at an average cost of GBX 1,439 ($18.58) per share, for a total transaction of £57,560 ($74,338.11).
Wpp Plc Company Profile
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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