Wpp Plc (WPP) Given New GBX 1,600 Price Target at Credit Suisse Group
Wpp Plc (LON:WPP) had its target price lowered by Credit Suisse Group from GBX 1,920 ($24.93) to GBX 1,600 ($20.77) in a research report sent to investors on Thursday morning. The firm currently has an outperform rating on the stock.
Several other research analysts have also recently issued reports on the stock. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 2,000 ($25.96) target price on shares of Wpp Plc in a report on Friday, April 28th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 1,750 ($22.72) target price (down from GBX 1,890 ($24.54)) on shares of Wpp Plc in a report on Monday, July 17th. Shore Capital cut shares of Wpp Plc to a hold rating in a report on Tuesday, June 27th. Barclays PLC reaffirmed an overweight rating and issued a GBX 2,050 ($26.61) target price on shares of Wpp Plc in a report on Friday, April 28th. Finally, Macquarie reaffirmed an outperform rating and issued a GBX 2,000 ($25.96) target price on shares of Wpp Plc in a report on Monday, June 12th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 1,854.91 ($24.08).
Shares of Wpp Plc (WPP) traded down 1.71% during trading on Thursday, hitting GBX 1437.00. The stock had a trading volume of 5,831,760 shares. The company’s market capitalization is GBX 18.20 billion. Wpp Plc has a 1-year low of GBX 1,382.00 and a 1-year high of GBX 1,928.07. The firm has a 50-day moving average of GBX 1,564.92 and a 200 day moving average of GBX 1,688.05.
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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