WPP (LON:WPP) Earns “Buy” Rating from Deutsche Bank

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WPP (LON:WPP)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also commented on the stock. Liberum Capital reaffirmed a “buy” rating on shares of Boohoo Group in a report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Teck Resources from C$56.00 to C$55.00 in a report on Wednesday, April 24th. UBS Group set a €23.50 ($27.33) price target on shares of Infineon Technologies and gave the company a “buy” rating in a report on Wednesday, July 3rd. Barclays upgraded shares of WPP from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 29th. Finally, Shore Capital upgraded shares of Hastings Group to a “hold” rating and decreased their price objective for the stock from GBX 230 ($3.01) to GBX 225 ($2.94) in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,140.67 ($14.90).

LON:WPP opened at GBX 961.40 ($12.56) on Friday. WPP has a one year low of GBX 791 ($10.34) and a one year high of GBX 1,323.50 ($17.29). 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 stock has a market capitalization of $12.13 billion and a price-to-earnings ratio of 11.40. The firm has a fifty day simple moving average of GBX 973.97.

In related news, insider Cindy Rose purchased 8,000 shares of WPP stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of GBX 951 ($12.43) per share, for a total transaction of £76,080 ($99,412.00). Also, insider Mark Read sold 20,104 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of GBX 968 ($12.65), for a total transaction of £194,606.72 ($254,288.15).

About WPP

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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Analyst Recommendations for WPP (LON:WPP)

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