Wpp Plc (WPP) Receives Average Rating of “Buy” from Analysts
Shares of Wpp Plc (LON:WPP) have received a consensus recommendation of “Buy” from the twenty-two ratings firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 1,931.84 ($25.08).
Several research analysts have commented on WPP shares. Numis Securities Ltd reiterated an “add” rating and set a GBX 1,975 ($25.64) price target on shares of Wpp Plc in a report on Thursday, April 27th. Shore Capital reiterated a “buy” rating on shares of Wpp Plc in a report on Thursday, April 27th. Liberum Capital reiterated a “buy” rating and set a GBX 2,000 ($25.96) price target on shares of Wpp Plc in a report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 2,090 ($27.13) price target on shares of Wpp Plc in a report on Tuesday, April 25th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a GBX 1,890 ($24.54) price target on shares of Wpp Plc in a report on Tuesday, April 25th.
Wpp Plc (LON WPP) traded up 1.14% during midday trading on Tuesday, reaching GBX 1598.00. 2,320,452 shares of the company were exchanged. Wpp Plc has a 52 week low of GBX 1,531.00 and a 52 week high of GBX 1,928.07. The firm has a 50-day moving average price of GBX 1,581.75 and a 200-day moving average price of GBX 1,701.93. The company’s market capitalization is GBX 20.25 billion.
In other Wpp Plc news, insider Roberto Quarta purchased 10,000 shares of Wpp Plc stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of GBX 1,729 ($22.45) per share, for a total transaction of £172,900 ($224,458.00).
About Wpp Plc
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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