WPP (WPP) Earns Outperform Rating from Macquarie

Macquarie reiterated their outperform rating on shares of WPP (LON:WPP) in a research note released on Tuesday morning. The brokerage currently has a GBX 1,400 ($18.72) target price on the stock.

Several other equities research analysts have also issued reports on WPP. Morgan Stanley lowered shares of WPP to an equal weight rating and reduced their target price for the stock from GBX 1,930 ($25.81) to GBX 1,600 ($21.39) in a report on Tuesday, September 26th. Shore Capital raised shares of WPP to a buy rating in a report on Friday, September 29th. Deutsche Bank reduced their target price on shares of WPP from GBX 1,750 ($23.40) to GBX 1,510 ($20.19) and set a hold rating for the company in a report on Wednesday, November 1st. Liberum Capital reissued a buy rating and issued a GBX 1,815 ($24.27) target price on shares of WPP in a report on Tuesday, December 19th. Finally, Barclays reissued an equal weight rating and issued a GBX 1,500 ($20.06) target price on shares of WPP in a report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. WPP currently has an average rating of Buy and a consensus price target of GBX 1,750.55 ($23.41).

Shares of WPP (WPP) opened at GBX 1,330 ($17.78) on Tuesday. WPP has a 52-week low of GBX 1,238.45 ($16.56) and a 52-week high of GBX 1,928.07 ($25.78).

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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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