WPP (WPP) PT Lowered to GBX 870
WPP (LON:WPP) had its target price trimmed by Goldman Sachs Group from GBX 905 ($11.83) to GBX 870 ($11.37) in a research report sent to investors on Monday. The brokerage currently has a neutral rating on the stock.
WPP has been the topic of a number of other research reports. Deutsche Bank reissued a hold rating on shares of WPP in a research note on Tuesday, February 19th. Berenberg Bank reissued a hold rating and set a GBX 900 ($11.76) price target on shares of WPP in a research note on Friday, March 1st. UBS Group reissued a buy rating and set a GBX 1,150 ($15.03) price target (down previously from GBX 1,175 ($15.35)) on shares of WPP in a research note on Wednesday, February 27th. Shore Capital raised WPP to a buy rating in a research note on Monday, February 25th. Finally, Numis Securities reissued a reduce rating and set a GBX 800 ($10.45) price target on shares of WPP in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 1,151.22 ($15.04).
Shares of WPP stock opened at GBX 807.20 ($10.55) on Monday. WPP has a fifty-two week low of GBX 791 ($10.34) and a fifty-two week high of GBX 1,375.50 ($17.97). The firm has a market cap of $10.19 billion and a price-to-earnings ratio of 9.58. The company has a debt-to-equity ratio of 67.91, a quick ratio of 0.94 and a current ratio of 0.96.
In related news, insider Mark Read sold 12,823 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of GBX 856 ($11.19), for a total value of £109,764.88 ($143,427.26).
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.
Featured Story: Quick Ratio
Receive News & Ratings for WPP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP and related companies with MarketBeat.com's FREE daily email newsletter.