WPP (WPP) Receives Buy Rating from Liberum Capital
WPP (LON:WPP)‘s stock had its “buy” rating reiterated by investment analysts at Liberum Capital in a research note issued on Friday. They currently have a GBX 1,815 ($24.61) target price on the stock. Liberum Capital’s target price indicates a potential upside of 34.00% from the company’s current price.
Several other equities analysts have also issued reports on WPP. Morgan Stanley lowered WPP to an “equal weight” rating and dropped their price target for the company from GBX 1,930 ($26.17) to GBX 1,600 ($21.70) in a research note on Tuesday, September 26th. Citigroup reissued a “buy” rating and issued a GBX 2,100 ($28.48) price target on shares of WPP in a research note on Thursday, September 28th. Shore Capital raised WPP to a “buy” rating in a research note on Friday, September 29th. Deutsche Bank reissued a “hold” rating and issued a GBX 1,750 ($23.73) price target on shares of WPP in a research note on Wednesday, October 25th. Finally, Numis Securities reissued an “under review” rating on shares of WPP in a research note on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of GBX 1,750 ($23.73).
Shares of WPP (WPP) traded up GBX 30.50 ($0.41) on Friday, reaching GBX 1,354.50 ($18.37). The company’s stock had a trading volume of 5,763,467 shares, compared to its average volume of 4,060,000. WPP has a 12-month low of GBX 1,238.45 ($16.79) and a 12-month high of GBX 1,928.07 ($26.15).
WPP 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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