WPP (WPP) Earns “Buy” Rating from Citigroup
WPP (LON:WPP)‘s stock had its “buy” rating reissued by Citigroup in a report released on Wednesday.
A number of other research firms have also recently issued reports on WPP. Morgan Stanley cut WPP to an “equal weight” rating and cut their price target for the stock from GBX 1,930 ($26.17) to GBX 1,600 ($21.70) in a report on Tuesday, September 26th. Goldman Sachs Group restated a “buy” rating on shares of WPP in a report on Wednesday, September 13th. Liberum Capital restated a “buy” rating and set a GBX 1,865 ($25.29) price target on shares of WPP in a report on Monday, October 2nd. Shore Capital restated a “buy” rating on shares of WPP in a report on Monday, October 23rd. Finally, UBS Group set a GBX 1,840 ($24.95) price target on WPP and gave the stock a “buy” rating in a report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,750.58 ($23.74).
WPP (LON:WPP) opened at GBX 1,340 ($18.17) on Wednesday. WPP has a twelve month low of GBX 1,238.45 ($16.79) and a twelve month 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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