WPP (LON:WPP)‘s stock had its “add” rating reiterated by stock analysts at Numis Securities in a report released on Monday. They presently have a GBX 1,400 ($20.05) price target on the stock, down from their prior price target of GBX 1,515 ($21.69). Numis Securities’ price target points to a potential upside of 26.01% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Credit Suisse Group reiterated a “neutral” rating and set a GBX 1,440 ($20.62) price target on shares of WPP in a report on Thursday, February 15th. Liberum Capital reiterated a “buy” rating and set a GBX 1,815 ($25.99) price target on shares of WPP in a report on Tuesday, December 19th. UBS reiterated a “buy” rating and set a GBX 1,840 ($26.35) price target on shares of WPP in a report on Monday, February 26th. Deutsche Bank reiterated a “hold” rating on shares of WPP in a report on Friday, January 26th. Finally, Goldman Sachs downgraded WPP from a “buy” rating to a “neutral” rating and lowered their price target for the company from GBX 1,830 ($26.20) to GBX 1,470 ($21.05) in a report on Tuesday, January 23rd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,583.37 ($22.67).
Shares of WPP stock traded down GBX 77 ($1.10) on Monday, reaching GBX 1,111 ($15.91). 12,359,694 shares of the company were exchanged, compared to its average volume of 6,860,000. WPP has a fifty-two week low of GBX 1,121.44 ($16.06) and a fifty-two week high of GBX 1,774 ($25.40).
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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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