Wpp Plc (WPP) Receives Average Rating of “Buy” from Brokerages

Wpp Plc (LON:WPP) has been assigned an average rating of “Buy” from the twenty analysts that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 1,685.73 ($23.64).

A number of brokerages have recently weighed in on WPP. Societe Generale restated a “buy” rating and issued a GBX 1,940 ($27.20) price objective on shares of WPP in a report on Friday, January 26th. Deutsche Bank restated a “hold” rating on shares of WPP in a report on Friday, January 26th. Liberum Capital restated a “buy” rating and issued a GBX 1,815 ($25.45) price objective on shares of WPP in a report on Friday, January 26th. Goldman Sachs Group lowered shares of WPP from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from GBX 1,830 ($25.66) to GBX 1,470 ($20.61) in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of WPP from GBX 1,758 ($24.65) to GBX 1,747 ($24.50) and set an “overweight” rating for the company in a report on Wednesday, January 10th.

Shares of WPP (LON WPP) traded down GBX 25.76 ($0.36) on Tuesday, hitting GBX 1,231.74 ($17.27). 6,380,000 shares of the stock were exchanged, compared to its average volume of 4,740,000. WPP has a 1 year low of GBX 1,218.50 ($17.08) and a 1 year high of GBX 1,928.07 ($27.03).

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About WPP

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.

Analyst Recommendations for WPP (LON:WPP)

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