WPP (LON:WPP)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank in a report released on Monday. They currently have a GBX 1,510 ($20.86) price objective on the stock. Deutsche Bank’s target price points to a potential upside of 25.36% from the company’s previous close.
A number of other research firms have also weighed in on WPP. Beaufort Securities lowered WPP to a “hold” rating and set a GBX 1,300 ($17.96) target price on the stock. in a research note on Thursday, March 1st. Goldman Sachs Group lowered WPP from a “buy” rating to a “neutral” rating and reduced their target price for the stock from GBX 1,830 ($25.28) to GBX 1,470 ($20.31) in a research note on Tuesday, January 23rd. 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 Friday, November 17th. 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 Friday, February 16th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 1,840 ($25.42) target price on shares of WPP in a research note on Monday, February 26th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 1,621.05 ($22.40).
Shares of WPP (LON:WPP) opened at GBX 1,204.50 ($16.64) on Monday. WPP has a twelve month low of GBX 1,185.73 ($16.38) and a twelve month high of GBX 1,774 ($24.51).
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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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