WPP (LON:WPP) Earns “Buy” Rating from Goldman Sachs Group

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WPP (LON:WPP)‘s stock had its “buy” rating reissued by stock analysts at Goldman Sachs Group in a report released on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently commented on WPP. Berenberg Bank reissued a “hold” rating and issued a GBX 900 ($11.76) target price on shares of WPP in a report on Friday, July 12th. HSBC dropped their target price on shares of 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. JPMorgan Chase & Co. increased their target price on shares of WPP from GBX 1,100 ($14.37) to GBX 1,125 ($14.70) and gave the stock an “overweight” rating in a report on Friday, August 9th. UBS Group reissued a “buy” rating on shares of WPP in a report on Monday. Finally, Credit Suisse Group reissued a “restricted” rating on shares of WPP in a report on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,104.64 ($14.43).

WPP stock opened at GBX 955 ($12.48) on Tuesday. The company has a market capitalization of $12.05 billion and a PE ratio of 11.33. The company has a debt-to-equity ratio of 67.91, a current ratio of 0.96 and a quick ratio of 0.94. WPP has a 12 month low of GBX 791 ($10.34) and a 12 month high of GBX 1,323.50 ($17.29). The business has a 50-day moving average of GBX 960.09.

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for WPP (LON:WPP)

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