WPP (LON:WPP) Price Target Raised to GBX 470

WPP (LON:WPPFree Report) had its price target boosted by Berenberg Bank from GBX 405 to GBX 470 in a research report released on Tuesday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on WPP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 425 price objective on shares of WPP in a research report on Friday, August 7th. Citigroup boosted their target price on WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their target price on WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 428.75.

View Our Latest Stock Report on WPP

WPP Trading Up 2.0%

LON:WPP opened at GBX 388.80 on Tuesday. WPP has a 12-month low of GBX 218.50 and a 12-month high of GBX 412.60. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 276.02. The stock’s 50 day simple moving average is GBX 349.20 and its 200-day simple moving average is GBX 290.57. The firm has a market cap of £4.19 billion, a P/E ratio of -17.43, a PEG ratio of 13.47 and a beta of 0.73.

WPP (LON:WPPGet Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share for the quarter. WPP had a negative return on equity of 9.33% and a negative net margin of 1.81%. Equities analysts anticipate that WPP will post 81.6125654 EPS for the current year.

WPP Company Profile

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WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.

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