Liberum Capital Reiterates Buy Rating for Wpp Plc (WPP)
Wpp Plc (LON:WPP)‘s stock had its “buy” rating reaffirmed by stock analysts at Liberum Capital in a research report issued to clients and investors on Wednesday, May 24th. They presently have a GBX 2,000 ($25.30) price objective on the stock. Liberum Capital’s price target indicates a potential upside of 20.77% from the stock’s current price.
A number of other equities research analysts also recently commented on WPP. Shore Capital restated a “buy” rating on shares of Wpp Plc in a research report on Friday, March 10th. Macquarie reiterated an “outperform” rating and issued a GBX 2,100 ($26.57) price objective on shares of Wpp Plc in a report on Monday, March 6th. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,100 ($26.57) price objective (down previously from GBX 2,200 ($27.83)) on shares of Wpp Plc in a report on Monday, March 6th. J P Morgan Chase & Co cut their price objective on Wpp Plc from GBX 2,102 ($26.59) to GBX 1,997 ($25.26) and set an “overweight” rating on the stock in a report on Monday, March 6th. Finally, Numis Securities Ltd reiterated an “add” rating and issued a GBX 1,975 ($24.98) price objective on shares of Wpp Plc in a report on Monday, March 6th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 1,960.20 ($24.80).
Wpp Plc (LON:WPP) traded down 0.60% during mid-day trading on Wednesday, reaching GBX 1656.00. 8,894,873 shares of the company traded hands. The company’s 50 day moving average price is GBX 1,699.06 and its 200 day moving average price is GBX 1,763.28. The firm’s market capitalization is GBX 20.98 billion. Wpp Plc has a 12-month low of GBX 1,470.00 and a 12-month high of GBX 1,928.07.
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In other Wpp Plc news, insider Roberto Quarta acquired 10,000 shares of the stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of GBX 1,729 ($21.87) per share, with a total value of £172,900 ($218,722.33).
About Wpp Plc
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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