Wpp Plc’s (WPP) Buy Rating Reiterated at Liberum Capital
Wpp Plc (LON:WPP)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a report released on Friday. They presently have a GBX 1,815 ($23.87) price objective on the stock. Liberum Capital’s target price suggests a potential upside of 43.48% from the stock’s previous close.
A number of other research firms also recently commented on WPP. Numis Securities Ltd restated an “under review” rating on shares of Wpp Plc in a research note on Tuesday, October 31st. Shore Capital upgraded shares of Wpp Plc to a “buy” rating in a research note on Friday, September 29th. Deutsche Bank AG reduced their price objective on shares of Wpp Plc from GBX 1,750 ($23.02) to GBX 1,510 ($19.86) and set a “hold” rating for the company in a research note on Wednesday, November 1st. Credit Suisse Group restated an “outperform” rating on shares of Wpp Plc in a research note on Friday, July 21st. Finally, Morgan Stanley downgraded shares of Wpp Plc to an “equal weight” rating and reduced their price objective for the stock from GBX 1,930 ($25.38) to GBX 1,600 ($21.04) in a research note on Tuesday, September 26th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Wpp Plc has a consensus rating of “Buy” and an average target price of GBX 1,773 ($23.32).
Wpp Plc (LON:WPP) opened at GBX 1,265 ($16.64) on Friday. Wpp Plc has a one year low of GBX 1,238.45 ($16.29) and a one year high of GBX 1,928.07 ($25.36).
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In related news, insider Jacques Aigrain purchased 4,000 shares of the stock in a transaction on Friday, August 25th. The shares were purchased at an average cost of GBX 1,439 ($18.93) per share, with a total value of £57,560 ($75,706.96).
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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