WPP (LON:WPP) Earns Buy Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of WPP (LON:WPP) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also commented on WPP. Berenberg Bank restated a hold rating and set a GBX 900 ($11.76) target price on shares of WPP in a research report on Friday, July 12th. Barclays set a $330.00 target price on shares of Thermo Fisher Scientific and gave the stock a buy rating in a research report on Monday, July 15th. Numis Securities boosted their target price on shares of from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the stock a buy rating in a research report on Thursday, June 6th. Shore Capital reaffirmed a house stock rating on shares of in a research note on Friday, July 12th. Finally, Goldman Sachs Group reaffirmed a buy rating on shares of WPP in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 1,144.67 ($14.96).

Shares of LON WPP opened at GBX 916.80 ($11.98) on Thursday. The stock has a market cap of $11.57 billion and a price-to-earnings ratio of 10.88. WPP has a one year low of GBX 791 ($10.34) and a one year high of GBX 1,323.50 ($17.29). The stock’s fifty day moving average is GBX 973.20. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 67.91.

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

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.

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Analyst Recommendations for WPP (LON:WPP)

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