Wpp Plc (WPP) Price Target Cut to GBX 2,034
Wpp Plc (LON:WPP) had its price objective cut by investment analysts at Goldman Sachs Group Inc. from GBX 2,082 ($26.01) to GBX 2,034 ($25.41) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price would suggest a potential upside of 19.51% from the company’s current price.
A number of other equities analysts have also recently issued reports on WPP. Beaufort Securities upgraded Wpp Plc to a “buy” rating in a report on Tuesday, November 1st. BNP Paribas restated an “outperform” rating and set a GBX 2,250 ($28.11) price target on shares of Wpp Plc in a report on Tuesday, November 1st. Liberum Capital restated a “hold” rating and set a GBX 1,800 ($22.49) price target on shares of Wpp Plc in a report on Wednesday, September 14th. Natixis increased their price target on Wpp Plc from GBX 1,600 ($19.99) to GBX 1,650 ($20.61) and gave the stock a “neutral” rating in a report on Tuesday, November 1st. Finally, Credit Suisse Group AG began coverage on Wpp Plc in a report on Tuesday. They set an “outperform” rating and a GBX 2,000 ($24.99) price target on the stock. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 1,866.23 ($23.32).
Wpp Plc (LON:WPP) opened at 1705.00 on Tuesday. The company’s 50-day moving average is GBX 1,741.84 and its 200-day moving average is GBX 1,693.11. The firm’s market capitalization is GBX 21.89 billion. Wpp Plc has a one year low of GBX 1,204.00 and a one year high of GBX 1,875.00.
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Wpp Plc Company Profile
WPP plc (WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications. Advertising and Media Investment Management, where it operates advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network.
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