Shares of WPP plc (LON:WPP – Get Free Report) hit a new 52-week high on Thursday. The stock traded as high as GBX 429.80 and last traded at GBX 428.70, with a volume of 8,654,834 shares trading hands. The stock had previously closed at GBX 419.20.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a report on Friday, August 7th. Berenberg Bank upped their price target on WPP from GBX 470 to GBX 480 and gave the company a “buy” rating in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 425 price target on shares of WPP in a research report on Friday, August 7th. Finally, Citigroup lifted their target price on WPP from GBX 285 to GBX 430 and gave the company a “neutral” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 431.25.
Read Our Latest Stock Report on WPP
WPP Price Performance
The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 276.02. The company has a market capitalization of £4.41 billion, a PE ratio of -18.33, a P/E/G ratio of 13.47 and a beta of 0.74. The stock has a fifty day simple moving average of GBX 387.93 and a 200-day simple moving average of GBX 308.11.
WPP (LON:WPP – Get Free Report) last posted its quarterly earnings data 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%. Equities analysts anticipate that WPP plc will post 81.61 earnings per share for the current 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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