WPP (LON:WPP) Price Target Lowered to GBX 1,100 at JPMorgan Chase & Co.

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WPP (LON:WPP) had its target price trimmed by JPMorgan Chase & Co. from GBX 1,125 ($14.80) to GBX 1,100 ($14.47) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm currently has an overweight rating on the stock.

Several other brokerages also recently weighed in on WPP. Berenberg Bank reiterated a hold rating and issued a GBX 985 ($12.96) price target on shares of WPP in a report on Friday, October 25th. Credit Suisse Group reiterated a restricted rating on shares of WPP in a report on Friday, September 6th. Goldman Sachs Group cut their price target on shares of WPP from GBX 1,200 ($15.79) to GBX 1,160 ($15.26) and set a buy rating on the stock in a report on Monday, October 28th. BMO Capital Markets increased their price target on shares of WPP from GBX 1,000 ($13.15) to GBX 1,100 ($14.47) and gave the stock a market perform rating in a report on Wednesday, November 27th. Finally, UBS Group reiterated a buy rating on shares of WPP in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 1,116.92 ($14.69).

Shares of WPP traded up GBX 24.40 ($0.32) during mid-day trading on Wednesday, hitting GBX 985.20 ($12.96). 3,615,995 shares of the company traded hands, compared to its average volume of 6,860,000. WPP has a 1-year low of GBX 791 ($10.41) and a 1-year high of GBX 1,047 ($13.77). The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 87.58. The company has a market capitalization of $12.43 billion and a PE ratio of 17.69. The business has a 50 day moving average of GBX 979.52 and a 200 day moving average of GBX 969.85.

In other WPP news, insider Mark Read sold 4,838 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of GBX 984 ($12.94), for a total value of £47,605.92 ($62,622.89).

WPP Company Profile

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.

See Also: Blockchain

Analyst Recommendations for WPP (LON:WPP)

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