WPP (WPP) Earns “Buy” Rating from Liberum Capital
A number of other research analysts have also commented on WPP. Citigroup restated a buy rating and issued a GBX 1,650 ($21.49) target price on shares of WPP in a research note on Thursday, June 21st. Morgan Stanley restated an equal weight rating on shares of WPP in a research note on Thursday, June 14th. Societe Generale set a GBX 1,845 ($24.03) target price on WPP and gave the company a buy rating in a research note on Thursday, June 14th. Credit Suisse Group restated a neutral rating and issued a GBX 1,320 ($17.19) target price on shares of WPP in a research note on Tuesday, June 12th. Finally, Deutsche Bank set a GBX 1,510 ($19.67) target price on WPP and gave the company a neutral rating in a research note on Friday, June 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 1,466.74 ($19.11).
WPP opened at GBX 1,147 ($14.94) on Monday. WPP has a 1-year low of GBX 1,121.44 ($14.61) and a 1-year high of GBX 1,774 ($23.11).
In related news, insider Mark Read acquired 10,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was purchased at an average cost of GBX 1,145 ($14.91) per share, for a total transaction of £114,500 ($149,146.80).
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 Consulting, Health & Wellness 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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