Wpp Plc’s (WPP) “Buy” Rating Reiterated at HSBC Holdings plc
Wpp Plc (LON:WPP)‘s stock had its “buy” rating restated by HSBC Holdings plc in a research note issued to investors on Wednesday. They currently have a GBX 1,600 ($21.11) price target on the stock. HSBC Holdings plc’s price objective points to a potential upside of 19.94% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Macquarie reissued an “outperform” rating and issued a GBX 1,800 ($23.75) target price on shares of Wpp Plc in a research report on Friday, August 11th. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,500 ($19.79) target price on shares of Wpp Plc in a research report on Wednesday. J P Morgan Chase & Co reissued an “overweight” rating on shares of Wpp Plc in a research report on Wednesday. Deutsche Bank AG dropped their target price on shares of Wpp Plc from GBX 1,750 ($23.09) to GBX 1,510 ($19.93) and set a “hold” rating for the company in a research report on Wednesday. Finally, Berenberg Bank dropped their target price on shares of Wpp Plc from GBX 1,750 ($23.09) to GBX 1,410 ($18.61) and set a “hold” rating for the company in a research report on Wednesday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Wpp Plc presently has a consensus rating of “Buy” and a consensus target price of GBX 1,774.29 ($23.41).
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In related news, insider Jacques Aigrain purchased 4,000 shares of Wpp Plc stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of GBX 1,439 ($18.99) per share, with a total value of £57,560 ($75,956.72).
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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