WPP (LON:WPP) Price Target Raised to GBX 390 at JPMorgan Chase & Co.

WPP (LON:WPP) had its price objective lifted by JPMorgan Chase & Co. from GBX 350 to GBX 390 in a research report sent to investors on Friday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research firms also recently weighed in on WPP. Citigroup lifted their price objective on WPP from GBX 275 to GBX 285 and gave the company a “neutral” rating in a report on Thursday, April 30th. Berenberg Bank reiterated a “buy” rating and set a GBX 405 target price on shares of WPP in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, WPP has an average rating of “Moderate Buy” and a consensus price target of GBX 376.25.

WPP Stock Up 4.2%

Shares of LON WPP opened at GBX 411.40 on Friday. The company has a debt-to-equity ratio of 268.98, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of £4.44 billion, a price-to-earnings ratio of -20.57, a PEG ratio of 13.47 and a beta of 0.68. The stock has a 50 day moving average price of GBX 279.90 and a 200 day moving average price of GBX 270.29. WPP has a 52-week low of GBX 218.50 and a 52-week high of GBX 411.40.

WPP (LON:WPP) last released its quarterly earnings data on Friday, August 7th. The company reported GBX 1.80 EPS for the quarter. WPP had a negative return on equity of 7.54% and a negative net margin of 1.59%. Sell-side analysts expect that WPP will post 81.6125654 earnings per share for the current year.

Insider Transactions at WPP

In other news, insider Peter Agnefjäll acquired 75,000 shares of WPP stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of GBX 281 per share, for a total transaction of £210,750. Also, insider Cindy Rose sold 88,227 shares of the 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. 2.04% of the stock is currently owned by company insiders.

Trending Headlines about WPP

Here are the key news stories impacting WPP this week:

• Positive Sentiment: WPP reported profit growth and said its restructuring and turnaround initiatives are progressing. Investors appeared to focus on improved profitability and signs of recovery, outweighing concerns about the top-line decline. WPP shares soar as advertising group shows signs of recovery
• Positive Sentiment: Analyst support strengthened: Deutsche Bank reaffirmed a “buy” rating with a GBX 425 target, while Berenberg reiterated “buy” with a GBX 405 target. JPMorgan also raised its target from GBX 350 to GBX 390, although it maintained a “neutral” rating. Broker ratings
• Positive Sentiment: The market reaction reflected optimism that WPP’s overhaul could stabilize the business after a difficult period, with reports describing the move as a turnaround bounce driven by improving execution and profit resilience. WPP shares jump as overhaul begins to bear fruit
• Neutral Sentiment: Quarterly earnings were reported at GBX 1.80 per share. However, WPP still recorded a negative net margin of 1.59% and negative return on equity of 7.54%, highlighting that the recovery remains incomplete.
• Negative Sentiment: Like-for-like adjusted revenue fell 4.7% in the first half, and WPP is cutting jobs as it manages ongoing weakness in demand. The revenue decline remains the main risk to a sustained recovery and could limit future earnings growth. WPP slashes jobs as revenue continues to fall

WPP Company Profile

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.