WPP (LON:WPP) was downgraded by analysts at Beaufort Securities to a “hold” rating in a research note issued on Thursday. They presently have a GBX 1,300 ($17.96) price objective on the stock. Beaufort Securities’ target price indicates a potential upside of 7.35% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,747 ($24.14) target price on shares of WPP in a research note on Wednesday. Numis Securities reiterated an “add” rating and issued a GBX 1,515 ($20.93) target price on shares of WPP in a research note on Thursday. Shore Capital cut shares of WPP to a “hold” rating in a research note on Thursday. Barclays reiterated an “equal weight” rating and issued a GBX 1,500 ($20.72) target price on shares of WPP in a research note on Wednesday, November 1st. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 1,815 ($25.08) target price on shares of WPP in a research note on Wednesday, November 29th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 1,663.42 ($22.98).
WPP (LON:WPP) opened at GBX 1,211 ($16.73) on Thursday. WPP has a one year low of GBX 1,185.73 ($16.38) and a one year high of GBX 1,928.07 ($26.64).
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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