WPP (WPP) Given a GBX 1,758 Price Target by J P Morgan Chase & Co Analysts
WPP (LON:WPP) has been assigned a GBX 1,758 ($23.66) target price by investment analysts at J P Morgan Chase & Co in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 32.88% from the company’s current price.
WPP has been the topic of a number of other reports. Numis Securities reissued an “under review” rating on shares of WPP in a report on Tuesday, October 31st. Liberum Capital reissued a “buy” rating and set a GBX 1,815 ($24.43) price target on shares of WPP in a report on Friday, November 17th. Shore Capital raised WPP to a “buy” rating in a report on Friday, September 29th. Deutsche Bank decreased their price target on WPP from GBX 1,750 ($23.55) to GBX 1,510 ($20.32) and set a “hold” rating on the stock in a report on Wednesday, November 1st. Finally, Morgan Stanley cut WPP to an “equal weight” rating and decreased their price target for the company from GBX 1,930 ($25.98) to GBX 1,600 ($21.53) in a report on Tuesday, September 26th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. WPP has an average rating of “Buy” and an average price target of GBX 1,776.05 ($23.90).
Shares of WPP (LON:WPP) traded up GBX 12 ($0.16) during trading on Wednesday, reaching GBX 1,323 ($17.81). The company had a trading volume of 2,580,870 shares, compared to its average volume of 4,780,000. WPP has a one year low of GBX 1,238.45 ($16.67) and a one year high of GBX 1,928.07 ($25.95).
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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