Shore Capital Reiterates “Hold” Rating for Wpp Plc (WPP)
A number of other research analysts also recently weighed in on the stock. Macquarie restated an outperform rating and set a GBX 1,800 ($23.37) price objective on shares of Wpp Plc in a research report on Friday. Liberum Capital restated a buy rating and set a GBX 2,000 ($25.96) price objective on shares of Wpp Plc in a research report on Monday, August 7th. Credit Suisse Group restated an outperform rating on shares of Wpp Plc in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Wpp Plc from GBX 2,090 ($27.13) to GBX 1,995 ($25.90) and set a buy rating on the stock in a research report on Tuesday, July 18th. Finally, J P Morgan Chase & Co lowered their price objective on shares of Wpp Plc from GBX 1,969 ($25.56) to GBX 1,900 ($24.67) and set an overweight rating on the stock in a research report on Tuesday, July 18th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Wpp Plc currently has a consensus rating of Buy and an average price target of GBX 1,939.29 ($25.18).
Shares of Wpp Plc (WPP) opened at 1594.00 on Monday. Wpp Plc has a 52 week low of GBX 1,531.00 and a 52 week high of GBX 1,928.07. The stock’s market cap is GBX 20.20 billion. The stock’s 50 day moving average is GBX 1,581.30 and its 200 day moving average is GBX 1,703.70.
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In other news, insider Roberto Quarta acquired 10,000 shares of Wpp Plc stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of GBX 1,729 ($22.45) per share, with a total value of £172,900 ($224,458.00).
About Wpp Plc
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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