Wpp Plc (LON:WPP) Earns Buy Rating from Liberum Capital
Wpp Plc (LON:WPP)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a note issued to investors on Monday. They presently have a GBX 2,000 ($25.91) target price on the stock. Liberum Capital’s price objective would suggest a potential upside of 28.78% from the stock’s current price.
Several other analysts also recently issued reports on the stock. HSBC Holdings plc reissued a “buy” rating and set a GBX 2,000 ($25.91) target price on shares of Wpp Plc in a research note on Friday, April 28th. J P Morgan Chase & Co dropped their price target on shares of Wpp Plc from GBX 1,997 ($25.87) to GBX 1,969 ($25.51) and set an “overweight” rating on the stock in a research note on Wednesday, April 19th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Wpp Plc in a research note on Monday, May 1st. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,050 ($26.55) price target on shares of Wpp Plc in a research note on Friday, April 28th. Finally, Macquarie reaffirmed an “outperform” rating and issued a GBX 2,000 ($25.91) price target on shares of Wpp Plc in a research note on Monday, June 12th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,963.29 ($25.43).
Shares of Wpp Plc (LON:WPP) opened at 1553.00 on Monday. The stock has a 50 day moving average price of GBX 1,690.80 and a 200-day moving average price of GBX 1,760.10. Wpp Plc has a 12 month low of GBX 1,544.00 and a 12 month high of GBX 1,928.07. The stock’s market cap is GBX 19.68 billion.
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In other news, insider Roberto Quarta purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of GBX 1,729 ($22.40) per share, for a total transaction of £172,900 ($223,963.73).
Wpp Plc Company Profile
WPP plc (WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications. Advertising and Media Investment Management, where it operates advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network.
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