WPP (WPP) Earns Hold Rating from Deutsche Bank
A number of other research firms have also recently weighed in on WPP. Numis Securities reaffirmed an under review rating on shares of WPP in a report on Tuesday, October 31st. Liberum Capital reaffirmed a buy rating and set a GBX 1,815 ($24.43) price target on shares of WPP in a report on Friday, November 17th. Shore Capital raised WPP to a buy rating in a report on Friday, September 29th. Morgan Stanley cut WPP to an equal weight rating and dropped their price target for the company from GBX 1,930 ($25.98) to GBX 1,600 ($21.53) in a report on Tuesday, September 26th. Finally, Berenberg Bank dropped their price target on WPP from GBX 1,750 ($23.55) to GBX 1,410 ($18.98) and set a hold rating for the company in a report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of GBX 1,776.05 ($23.90).
Shares of WPP (WPP) opened at GBX 1,325 ($17.83) on Monday. WPP has a twelve month low of GBX 1,238.45 ($16.67) and a twelve month high of GBX 1,928.07 ($25.95).
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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