WPP (WPP) PT Set at GBX 1,840 by UBS
WPP (LON:WPP) has been given a GBX 1,840 ($24.76) price target by stock analysts at UBS in a note issued to investors on Monday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS’s price target would indicate a potential upside of 33.72% from the stock’s current price.
Several other brokerages have also commented on WPP. J P Morgan Chase & Co upped their price target on shares of WPP from GBX 1,750 ($23.55) to GBX 1,758 ($23.66) and gave the stock an “overweight” rating in a research report on Thursday. Liberum Capital reiterated a “buy” rating and set a GBX 1,815 ($24.43) price objective on shares of WPP in a research note on Tuesday, December 5th. 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. Credit Suisse Group dropped their price objective on shares of WPP from GBX 1,600 ($21.53) to GBX 1,500 ($20.19) and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Finally, reaffirmed a “buy” rating and issued a GBX 1,600 ($21.53) price objective on shares of WPP in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. WPP has a consensus rating of “Buy” and an average target price of GBX 1,765.55 ($23.76).
WPP (WPP) traded up GBX 41.63 ($0.56) during mid-day trading on Monday, reaching GBX 1,376 ($18.52). 5,901,055 shares of the company were exchanged, compared to its average volume of 4,380,000. WPP has a 52-week low of GBX 1,238.45 ($16.67) and a 52-week 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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