Wpp Plc (LON:WPP) shares traded down 0.7% during trading on Friday . The company traded as low as GBX 1,336 ($17.86) and last traded at GBX 1,341 ($17.93). 1,836,137 shares were traded during mid-day trading, a decline of 58% from the average session volume of 4,400,000 shares. The stock had previously closed at GBX 1,351 ($18.06).
A number of research analysts recently commented on the company. Morgan Stanley cut WPP to an “equal weight” rating and reduced their target price for the company from GBX 1,930 ($25.81) to GBX 1,600 ($21.39) in a research note on Tuesday, September 26th. JPMorgan Chase & Co. reduced their target price on WPP from GBX 1,900 ($25.40) to GBX 1,697 ($22.69) and set an “overweight” rating on the stock in a research note on Monday, September 4th. Citigroup reissued a “buy” rating and issued a GBX 2,100 ($28.08) target price on shares of WPP in a research note on Thursday, September 28th. Liberum Capital reduced their target price on WPP from GBX 2,000 ($26.74) to GBX 1,865 ($24.94) and set a “buy” rating on the stock in a research note on Friday, September 8th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of WPP in a research note on Wednesday, September 13th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. WPP currently has a consensus rating of “Buy” and an average target price of GBX 1,765.55 ($23.61).
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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 & 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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