WPP plc (LON:WPP – Get Free Report)’s stock price reached a new 52-week high during 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.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on WPP. Berenberg Bank reissued a “buy” rating and issued a GBX 470 price objective on shares of WPP in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 425 price objective on shares of WPP in a research note on Friday, August 7th. JPMorgan Chase & Co. increased 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. Finally, Citigroup lifted their target price on WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 428.75.
Read Our Latest Stock Report on WPP
WPP Trading Up 3.6%
The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02. The firm’s 50 day simple moving average is GBX 384.25 and its two-hundred day simple moving average is GBX 310.54. The stock has a market cap of £4.48 billion, a P/E ratio of -18.61, a price-to-earnings-growth ratio of 13.47 and a beta of 0.74.
WPP (LON:WPP – Get Free Report) last issued its earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. As a group, equities research analysts predict that WPP plc will post 81.61 earnings per share for the current fiscal year.
About WPP
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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