WPP (LON:WPP) Price Target Cut to GBX 900 by Analysts at Goldman Sachs Group
WPP (LON:WPP) had its price target reduced by equities researchers at Goldman Sachs Group from GBX 1,045 ($13.75) to GBX 900 ($11.84) in a note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 80.98% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target 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. Kepler Capital Markets reaffirmed a “neutral” rating and set a GBX 1,000 ($13.15) price target on shares of WPP in a report on Friday, February 28th. Credit Suisse Group reaffirmed a “restricted” rating on shares of WPP in a report on Friday, January 17th. Deutsche Bank reissued a “buy” rating and issued a GBX 1,090 ($14.34) target price on shares of WPP in a report on Thursday, February 27th. Finally, BMO Capital Markets raised their target price on WPP from GBX 1,000 ($13.15) to GBX 1,100 ($14.47) and gave the company a “market perform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,010.67 ($13.29).
Shares of LON WPP traded up GBX 5.60 ($0.07) during mid-day trading on Tuesday, hitting GBX 497.30 ($6.54). 6,682,636 shares of the company were exchanged, compared to its average volume of 6,860,000. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 80.04. The stock has a 50 day simple moving average of GBX 838.02 and a 200-day simple moving average of GBX 958.41. WPP has a 1-year low of GBX 670.60 ($8.82) and a 1-year high of GBX 1,085.50 ($14.28). The firm has a market cap of $6.18 billion and a price-to-earnings ratio of 10.05.
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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