Credit Suisse Group Reiterates “Outperform” Rating for Wpp Plc (WPP)
Wpp Plc (LON:WPP)‘s stock had its “outperform” rating restated by Credit Suisse Group in a research report issued on Friday.
A number of other equities analysts also recently issued reports on WPP. Liberum Capital reiterated a “buy” rating and set a GBX 2,000 ($26.12) price objective on shares of Wpp Plc in a research note on Monday, March 27th. Morgan Stanley upgraded shares of Wpp Plc to an “overweight” rating and raised their target price for the company from GBX 1,900 ($24.81) to GBX 1,975 ($25.79) in a research note on Thursday, March 30th. Macquarie restated an “outperform” rating and issued a GBX 2,100 ($27.42) target price on shares of Wpp Plc in a research note on Friday, April 7th. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,000 ($26.12) target price on shares of Wpp Plc in a research note on Friday, April 7th. Finally, J P Morgan Chase & Co lowered their target price on shares of Wpp Plc from GBX 1,997 ($26.08) to GBX 1,969 ($25.71) and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Wpp Plc currently has an average rating of “Buy” and an average target price of GBX 1,948.81 ($25.45).
Wpp Plc (WPP) opened at 1592.00 on Friday. The stock’s 50 day moving average is GBX 1,636.44 and its 200 day moving average is GBX 1,738.93. Wpp Plc has a 12-month low of GBX 1,531.00 and a 12-month high of GBX 1,928.07. The stock’s market capitalization is GBX 20.17 billion.
In other news, insider Roberto Quarta purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of GBX 1,729 ($22.58) per share, for a total transaction of £172,900 ($225,776.97).
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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