Shore Capital Reiterates House Stock Rating for WPP (LON:WPP)
Shore Capital reiterated their house stock rating on shares of WPP (LON:WPP) in a research report released on Friday morning, Digital Look reports.
WPP has been the subject of several other reports. Barclays raised WPP from an equal weight rating to an overweight rating in a report on Monday, April 29th. Deutsche Bank upped their target price on Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a report on Friday. HSBC reduced their target price on WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a hold rating for the company in a report on Thursday, July 4th. UBS Group set a €23.50 ($27.33) target price on Infineon Technologies and gave the company a buy rating in a report on Wednesday, July 3rd. Finally, Berenberg Bank reaffirmed a hold rating and set a GBX 900 ($11.76) target price on shares of WPP in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. WPP presently has a consensus rating of Hold and an average target price of GBX 1,140.67 ($14.90).
Shares of WPP stock opened at GBX 961.40 ($12.56) on Friday. The company has a debt-to-equity ratio of 67.91, a quick ratio of 0.94 and a current ratio of 0.96. The firm has a market capitalization of $12.13 billion and a price-to-earnings ratio of 11.40. The company has a fifty day moving average price of GBX 973.97. WPP has a fifty-two week low of GBX 791 ($10.34) and a fifty-two week high of GBX 1,323.50 ($17.29).
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 Consulting, Health & Wellness 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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