Deutsche Bank Reaffirms “Hold” Rating for WPP (WPP)

WPP (LON:WPP)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday. They currently have a GBX 1,510 ($20.86) target price on the stock. Deutsche Bank’s target price suggests a potential upside of 26.36% from the company’s previous close.

Several other analysts have also recently weighed in on WPP. Liberum Capital restated a “buy” rating and set a GBX 1,750 ($24.18) price target on shares of WPP in a report on Wednesday, March 7th. Citigroup reduced their price target on WPP from GBX 1,900 ($26.25) to GBX 1,650 ($22.80) and set a “buy” rating on the stock in a report on Friday, March 2nd. Beaufort Securities cut WPP to a “hold” rating and set a GBX 1,300 ($17.96) price target on the stock. in a report on Thursday, March 1st. Barclays reduced their price target on WPP from GBX 1,450 ($20.03) to GBX 1,375 ($19.00) and set an “equal weight” rating on the stock in a report on Friday, March 2nd. Finally, Credit Suisse Group reduced their price target on WPP from GBX 1,440 ($19.89) to GBX 1,400 ($19.34) and set a “neutral” rating on the stock in a report on Friday, March 2nd. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 1,621.05 ($22.40).

Shares of WPP (LON:WPP) traded down GBX 9.50 ($0.13) during midday trading on Monday, reaching GBX 1,195 ($16.51). The company’s stock had a trading volume of 4,343,499 shares, compared to its average volume of 6,790,000. WPP has a 12-month low of GBX 1,185.73 ($16.38) and a 12-month high of GBX 1,774 ($24.51).

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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.

Analyst Recommendations for WPP (LON:WPP)

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