WPP (LON:WPP) had its target price reduced by JPMorgan Chase & Co. from GBX 1,620 ($21.17) to GBX 1,070 ($13.98) in a research report report published on Tuesday morning. They currently have an overweight rating on the stock.
Several other research analysts have also recently weighed in on WPP. Liberum Capital reiterated a buy rating and set a GBX 1,750 ($22.87) price target on shares of WPP in a research report on Friday, July 13th. Berenberg Bank reiterated a sell rating on shares of WPP in a research report on Thursday, July 26th. Libertas Partners reiterated a buy rating and set a GBX 1,750 ($22.87) price target on shares of WPP in a research report on Friday, August 10th. Goldman Sachs Group set a GBX 1,441 ($18.83) price target on WPP and gave the company a neutral rating in a research report on Monday, August 13th. Finally, UBS Group reiterated a buy rating and set a GBX 1,660 ($21.69) price target on shares of WPP in a research report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 1,308.42 ($17.10).
WPP stock traded down GBX 16.40 ($0.21) during trading on Tuesday, hitting GBX 857 ($11.20). 3,885,943 shares of the company traded hands, compared to its average volume of 6,860,000. WPP has a 1 year low of GBX 1,121.44 ($14.65) and a 1 year high of GBX 1,774 ($23.18).
In other WPP news, insider Mark Read acquired 10,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was acquired at an average cost of GBX 1,145 ($14.96) per share, for a total transaction of £114,500 ($149,614.53).
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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