WPP (WPP) Given a GBX 1,758 Price Target by J P Morgan Chase & Co Analysts
WPP (LON:WPP) has been assigned a GBX 1,758 ($23.66) target price by equities research analysts at J P Morgan Chase & Co in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 32.88% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Beaufort Securities dropped their price target on WPP from GBX 2,075 ($27.93) to GBX 1,600 ($21.53) and set a “buy” rating on the stock in a research note on Thursday, August 24th. Jefferies Group dropped their price target on WPP from GBX 2,000 ($26.92) to GBX 1,614 ($21.72) and set a “buy” rating on the stock in a research note on Thursday, August 24th. Kepler Capital Markets reissued a “buy” rating and issued a GBX 2,100 ($28.26) price target on shares of WPP in a research note on Tuesday, August 22nd. Liberum Capital reissued a “buy” rating and issued a GBX 2,000 ($26.92) price target on shares of WPP in a research note on Wednesday, August 23rd. Finally, decreased their price objective on WPP from GBX 2,000 ($26.92) to GBX 1,850 ($24.90) and set a “buy” rating for the company in a report on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. WPP has an average rating of “Buy” and a consensus price target of GBX 1,776.05 ($23.90).
Shares of WPP (WPP) traded up GBX 12 ($0.16) during mid-day trading on Wednesday, hitting GBX 1,323 ($17.81). The stock had a trading volume of 2,580,870 shares, compared to its average volume of 4,780,000. WPP has a 12-month low of GBX 1,238.45 ($16.67) and a 12-month high of GBX 1,928.07 ($25.95).
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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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