Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for WPP (LON:WPP)

WPP (LON:WPPGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a research report issued on Friday,Digital Look reports. They currently have a GBX 425 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 8.20% from the stock’s current price.

A number of other brokerages also recently commented on WPP. Berenberg Bank reiterated a “buy” rating and set a GBX 405 price objective on shares of WPP in a research report on Friday. Citigroup upped their target price on WPP from GBX 275 to GBX 285 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 376.25.

Check Out Our Latest Report on WPP

WPP Stock Down 0.6%

WPP stock opened at GBX 392.79 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 268.98. The firm has a 50-day moving average of GBX 277.32 and a two-hundred day moving average of GBX 269.30. WPP has a 12 month low of GBX 218.50 and a 12 month high of GBX 409.50. The company has a market cap of £4.24 billion, a price-to-earnings ratio of -19.64, a PEG ratio of 13.47 and a beta of 0.68.

WPP (LON:WPPGet Free Report) last issued its earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share for the quarter. WPP had a negative return on equity of 7.54% and a negative net margin of 1.59%. As a group, analysts forecast that WPP will post 81.6125654 earnings per share for the current fiscal year.

Insider Activity at WPP

In other news, insider Cindy Rose sold 88,227 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of GBX 282, for a total transaction of £248,800.14. Also, insider Peter Agnefjäll purchased 75,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of GBX 281 per share, with a total value of £210,750. Corporate insiders own 2.04% of the company’s stock.

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About WPP

(Get Free Report)

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.

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