JPMorgan Chase & Co. restated their overweight rating on shares of WPP (LON:WPP) in a report released on Friday morning, Borsen Zeitung reports. The firm currently has a GBX 750 ($9.23) price target on the stock.

WPP has been the topic of a number of other reports. Berenberg Bank dropped their target price on shares of WPP from GBX 915 ($11.26) to GBX 585 ($7.20) and set a hold rating on the stock in a report on Wednesday, March 25th. UBS Group reaffirmed a buy rating and issued a GBX 830 ($10.21) target price (up from GBX 830 ($10.21)) on shares of WPP in a report on Thursday, June 4th. HSBC upped their target price on shares of WPP from GBX 620 ($7.63) to GBX 650 ($8.00) and gave the company a hold rating in a report on Tuesday, April 14th. Kepler Capital Markets reaffirmed a neutral rating and issued a GBX 1,000 ($12.31) target price on shares of WPP in a report on Friday, February 28th. Finally, Citigroup reaffirmed a buy rating on shares of WPP in a report on Monday, June 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of GBX 912.69 ($11.23).

Shares of WPP stock opened at GBX 626.80 ($7.71) on Friday. 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 firm’s 50-day moving average is GBX 625.10 and its 200-day moving average is GBX 763.25. The stock has a market cap of $7.51 billion and a price-to-earnings ratio of 12.38. WPP has a 52-week low of GBX 450 ($5.54) and a 52-week high of GBX 1,085.50 ($13.36).

In other WPP news, insider Keith Weed bought 3,121 shares of the stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of GBX 640 ($7.88) per share, with a total value of £19,974.40 ($24,580.85). Also, insider Sandrine Dufour bought 15,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of GBX 595 ($7.32) per share, for a total transaction of £89,250 ($109,832.64).

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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Analyst Recommendations for WPP (LON:WPP)

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