J P Morgan Chase & Co Increases WPP (WPP) Price Target to GBX 1,758
WPP (LON:WPP) had its price objective upped by investment analysts at J P Morgan Chase & Co from GBX 1,750 ($23.55) to GBX 1,758 ($23.66) in a research note issued to investors on Thursday. The firm currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 31.75% from the stock’s current price.
Several other equities research analysts have also recently weighed in on WPP. Shore Capital restated a “hold” rating on shares of WPP in a research report on Monday, August 14th. Macquarie restated an “outperform” rating and issued a GBX 1,800 ($24.23) price target on shares of WPP in a research report on Friday, August 11th. Morgan Stanley cut shares of WPP to an “equal weight” rating and reduced their price target for the stock from GBX 1,930 ($25.98) to GBX 1,600 ($21.53) in a research report on Tuesday, September 26th. Liberum Capital restated a “buy” rating and issued a GBX 1,815 ($24.43) price target on shares of WPP in a research report on Wednesday, November 29th. Finally, Deutsche Bank restated a “hold” rating and issued a GBX 1,510 ($20.32) price target on shares of WPP in a research report on Monday, December 4th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. WPP has a consensus rating of “Buy” and a consensus price target of GBX 1,776.05 ($23.90).
Shares of WPP (LON WPP) traded up GBX 8.37 ($0.11) on Thursday, reaching GBX 1,334.37 ($17.96). 3,063,141 shares of the company traded hands, compared to its average volume of 4,480,000. WPP has a 12 month low of GBX 1,238.45 ($16.67) and a 12 month high of GBX 1,928.07 ($25.95).
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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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