JPMorgan Chase & Co. Lowers WPP (LON:WPP) Price Target to GBX 1,040
WPP (LON:WPP) had its price target decreased by JPMorgan Chase & Co. from GBX 1,150 ($15.13) to GBX 1,040 ($13.68) in a research note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 109.13% from the company’s previous close.
Several other research analysts have also weighed in on WPP. BMO Capital Markets upped their price target on WPP from GBX 1,000 ($13.15) to GBX 1,100 ($14.47) and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Barclays dropped their price target on WPP from GBX 1,130 ($14.86) to GBX 1,000 ($13.15) and set an “overweight” rating on the stock in a research report on Friday, February 28th. Credit Suisse Group reissued a “restricted” rating on shares of WPP in a research report on Friday, January 17th. Kepler Capital Markets reissued a “neutral” rating and set a GBX 1,000 ($13.15) price target on shares of WPP in a research report on Friday, February 28th. Finally, Liberum Capital reissued a “buy” rating on shares of WPP in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,010.67 ($13.29).
LON:WPP traded up GBX 5.60 ($0.07) during trading hours on Tuesday, hitting GBX 497.30 ($6.54). 6,682,636 shares of the company’s stock traded hands, compared to its average volume of 6,860,000. The firm has a market cap of $6.18 billion and a P/E ratio of 10.05. WPP has a twelve month low of GBX 670.60 ($8.82) and a twelve month high of GBX 1,085.50 ($14.28). The company has a debt-to-equity ratio of 80.04, a quick ratio of 0.94 and a current ratio of 0.99. The stock’s fifty day moving average price is GBX 838.02 and its two-hundred day moving average price is GBX 958.41.
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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