WPP (LON:WPP) Earns “Neutral” Rating from Citigroup

WPP (LON:WPPGet Free Report)‘s stock had its “neutral” rating reiterated by research analysts at Citigroup in a research report issued on Monday, MarketBeat reports. They presently have a GBX 365 target price on the stock. Citigroup’s target price would suggest a potential upside of 9.15% from the company’s previous close.

Separately, JPMorgan Chase & Co. cut their price target on WPP from GBX 420 to GBX 360 and set a “neutral” rating for the company in a report on Friday, October 31st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 362.50.

Check Out Our Latest Stock Report on WPP

WPP Price Performance

Shares of WPP stock traded down GBX 10.70 during trading hours on Monday, hitting GBX 334.41. 5,061,586 shares of the company’s stock were exchanged, compared to its average volume of 31,678,512. The firm has a market cap of £3.61 billion, a P/E ratio of 9.66, a P/E/G ratio of 13.47 and a beta of 1.13. WPP has a fifty-two week low of GBX 266.10 and a fifty-two week high of GBX 798.20. The firm has a 50 day moving average of GBX 312.96 and a two-hundred day moving average of GBX 367.35. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67.

Insiders Place Their Bets

In related news, insider Cindy Rose purchased 50,000 shares of WPP stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of GBX 289 per share, for a total transaction of £144,500. Also, insider Philip Jansen bought 50,000 shares of the stock in a transaction on Thursday, November 13th. The shares were bought at an average price of GBX 285 per share, for a total transaction of £142,500. 2.01% of the stock is currently owned by company insiders.

WPP Company Profile

(Get Free Report)

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.

Further Reading

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