WPP plc (LON:WPP – Get Free Report) hit a new 52-week high during mid-day trading on Friday. The company traded as high as GBX 415.90 and last traded at GBX 414.10, with a volume of 6,545,071 shares traded. The stock had previously closed at GBX 400.40.
Analysts Set New Price Targets
Several research firms have recently commented on WPP. JPMorgan Chase & Co. upped their target price on WPP from GBX 350 to GBX 390 and gave the company a “neutral” rating in a report on Friday, August 7th. Citigroup increased their price target on WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 470 price target on shares of WPP in a report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 425 price objective on shares of WPP in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 428.75.
Check Out Our Latest Research Report on WPP
WPP Trading Up 3.6%
The firm’s fifty day moving average price is GBX 384.25 and its 200-day moving average price is GBX 310.54. The company has a market cap of £4.48 billion, a price-to-earnings ratio of -18.61, a P/E/G ratio of 13.47 and a beta of 0.74. The company has a debt-to-equity ratio of 276.02, a current ratio of 0.87 and a quick ratio of 0.89.
WPP (LON:WPP – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported GBX 1.80 EPS for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. On average, equities analysts expect that WPP plc will post 81.61 EPS for the current fiscal year.
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.
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