WPP (LON:WPP) Price Target Cut to GBX 1,000 by Analysts at Barclays
WPP (LON:WPP) had its target price cut by Barclays from GBX 1,130 ($14.86) to GBX 1,000 ($13.15) in a report published on Friday morning, Stock Target Advisor reports. They currently have an overweight rating on the stock.
A number of other research analysts have also weighed in on WPP. BMO Capital Markets boosted their target price on WPP from GBX 1,000 ($13.15) to GBX 1,100 ($14.47) and gave the stock a market perform rating in a report on Wednesday, November 27th. Shore Capital reissued a buy rating on shares of WPP in a report on Thursday. JPMorgan Chase & Co. boosted their target price on WPP from GBX 1,100 ($14.47) to GBX 1,150 ($15.13) and gave the stock an overweight rating in a report on Tuesday, January 14th. Citigroup reissued a buy rating and set a GBX 1,260 ($16.57) target price on shares of WPP in a report on Wednesday, January 8th. Finally, Bank of America lowered WPP to an underperform rating and decreased their target price for the stock from GBX 1,030 ($13.55) to GBX 900 ($11.84) in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. WPP currently has a consensus rating of Hold and a consensus price target of GBX 1,067 ($14.04).
Shares of LON:WPP traded down GBX 8.80 ($0.12) during trading on Friday, hitting GBX 752.80 ($9.90). 8,954,821 shares of the company were exchanged, compared to its average volume of 6,860,000. The stock has a market cap of $9.33 billion and a price-to-earnings ratio of 13.52. WPP has a fifty-two week low of GBX 796.90 ($10.48) and a fifty-two week high of GBX 1,085.50 ($14.28). The firm has a fifty day moving average price of GBX 977.93 and a two-hundred day moving average price of GBX 986.77. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 87.58.
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 Consulting, Health & Wellness 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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