JPMorgan Chase & Co. Cuts WPP (WPP) Price Target to GBX 1,747
WPP (LON:WPP) had its target price decreased by JPMorgan Chase & Co. from GBX 1,758 ($23.84) to GBX 1,747 ($23.69) in a research note issued to investors on Wednesday. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Other analysts have also issued reports about the company. Barclays reaffirmed an equal weight rating and set a GBX 1,500 ($20.34) target price on shares of WPP in a report on Wednesday, November 1st. Shore Capital raised WPP to a buy rating in a report on Friday, September 29th. reaffirmed a buy rating and set a GBX 1,600 ($21.70) target price on shares of WPP in a report on Wednesday, November 1st. Liberum Capital reaffirmed a buy rating and set a GBX 1,815 ($24.61) target price on shares of WPP in a report on Wednesday, November 29th. Finally, Citigroup reaffirmed a buy rating on shares of WPP in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 1,750 ($23.73).
Shares of WPP (LON WPP) opened at GBX 1,354.50 ($18.37) on Wednesday. WPP has a 1-year low of GBX 1,238.45 ($16.79) and a 1-year high of GBX 1,928.07 ($26.15).
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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