Deutsche Bank Reaffirms Buy Rating for WPP (LON:WPP)
Deutsche Bank reaffirmed their buy rating on shares of WPP (LON:WPP) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.
WPP has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price objective on shares of Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. Goldman Sachs Group reissued a buy rating on shares of WPP in a research report on Monday, June 3rd. Liberum Capital reissued a buy rating on shares of Boohoo Group in a research report on Friday. HSBC dropped their price target on shares of WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a hold rating on the stock in a research report on Thursday, July 4th. Finally, Credit Suisse Group reaffirmed a sell rating and issued a $6.50 price target on shares of Deutsche Bank in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 1,140.67 ($14.90).
WPP stock opened at GBX 961.40 ($12.56) on Friday. The company has a market cap of $12.13 billion and a PE ratio of 11.40. The stock’s 50-day moving average is GBX 973.97. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 67.91. WPP has a 1 year low of GBX 791 ($10.34) and a 1 year high of GBX 1,323.50 ($17.29).
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 Consulting, Health & Wellness 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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