WPP (LON:WPP) Price Target Raised to GBX 430

WPP (LON:WPP) had its price target increased by Citigroup from GBX 285 to GBX 430 in a report issued on Monday, Marketbeat reports. Citigroup currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on WPP from GBX 350 to GBX 390 and gave the company a “neutral” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 425 target price on shares of WPP in a research note on Friday, August 7th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 405 price target on shares of WPP in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 412.50.

WPP Price Performance

Shares of WPP opened at GBX 399.10 on Monday. The stock has a market cap of £4.31 billion, a PE ratio of -19.96, a price-to-earnings-growth ratio of 13.47 and a beta of 0.70. The company has a debt-to-equity ratio of 276.02, a quick ratio of 0.89 and a current ratio of 0.87. WPP has a fifty-two week low of GBX 218.50 and a fifty-two week high of GBX 412.60. The firm’s 50-day simple moving average is GBX 287.31 and its two-hundred day simple moving average is GBX 271.75.

WPP (LON:WPP) last released its earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share (EPS) for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. Analysts anticipate that WPP will post 81.6125654 earnings per share for the current fiscal year.

Insider Buying and Selling at WPP

In other news, insider Cindy Rose sold 88,227 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of GBX 282, for a total transaction of £248,800.14. Also, insider Peter Agnefjäll purchased 75,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of GBX 281 per share, for a total transaction of £210,750. 2.04% of the stock is owned by insiders.

WPP Company Profile

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.