WPP (LON:WPP) had its price objective reduced by JPMorgan Chase & Co. from GBX 1,758 ($23.84) to GBX 1,747 ($23.69) in a research note published on Wednesday morning. They currently have an overweight rating on the stock.
A number of other research firms also recently issued reports on WPP. Morgan Stanley downgraded WPP to an equal weight rating and reduced their price objective for the stock from GBX 1,930 ($26.17) to GBX 1,600 ($21.70) in a research note on Tuesday, September 26th. Citigroup reaffirmed a buy rating and issued a GBX 2,100 ($28.48) price objective on shares of WPP in a research note on Thursday, September 28th. Goldman Sachs Group reaffirmed a buy rating on shares of WPP in a research note on Wednesday, September 13th. Liberum Capital reaffirmed a buy rating and issued a GBX 1,865 ($25.29) price objective on shares of WPP in a research note on Monday, October 2nd. Finally, Shore Capital reaffirmed a buy rating on shares of WPP in a research note on Monday, October 23rd. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 1,750 ($23.73).
Shares of WPP (WPP) opened at GBX 1,354.50 ($18.37) on Wednesday. WPP has a 12 month low of GBX 1,238.45 ($16.79) and a 12 month high of GBX 1,928.07 ($26.15).
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 & 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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