Berenberg Bank Reiterates Buy Rating for WPP (LON:WPP)

WPP (LON:WPP – Get Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They currently have a GBX 405 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 46.40% from the company’s current price.

Separately, Citigroup raised their price target on WPP from GBX 275 to GBX 285 and gave the stock a “neutral” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 350.

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WPP Stock Performance

Shares of WPP stock opened at GBX 276.64 on Tuesday. The company has a debt-to-equity ratio of 334.84, a quick ratio of 0.89 and a current ratio of 0.89. WPP has a 1 year low of GBX 218.50 and a 1 year high of GBX 563. The stock’s 50-day moving average is GBX 263 and its two-hundred day moving average is GBX 282.36. The firm has a market cap of £2.98 billion, a price-to-earnings ratio of -13.83, a PEG ratio of 13.47 and a beta of 0.66.

Insider Buying and Selling at WPP

In related news, insider Peter Agnefjäll bought 75,000 shares of the stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of GBX 281 per share, for a total transaction of £210,750. Company insiders own 2.04% of the company’s stock.

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.

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