WPP (LON:WPP) PT Raised to GBX 1,060

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WPP (LON:WPP) had its price target upped by Morgan Stanley from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) in a report published on Wednesday, Digital Look reports. The firm currently has an equal weight rating on the stock.

WPP has been the topic of several other research reports. Liberum Capital restated a buy rating on shares of Boohoo Group in a research note on Friday, July 12th. Barclays set a $330.00 price target on Thermo Fisher Scientific and gave the stock a buy rating in a research note on Monday, July 15th. Berenberg Bank restated a hold rating and issued a GBX 900 ($11.76) price target on shares of WPP in a research note on Friday, July 12th. Numis Securities upped their price target on from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the stock a buy rating in a research note on Thursday, June 6th. Finally, Goldman Sachs Group restated a buy rating on shares of WPP in a research note on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 1,144.67 ($14.96).

WPP stock opened at GBX 916.80 ($11.98) on Wednesday. The company has a debt-to-equity ratio of 67.91, a current ratio of 0.96 and a quick ratio of 0.94. The stock has a market cap of $11.57 billion and a P/E ratio of 10.88. The stock has a 50 day moving average of GBX 973.20. WPP has a twelve month low of GBX 791 ($10.34) and a twelve month high of GBX 1,323.50 ($17.29).

In other WPP news, insider Cindy Rose bought 8,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of GBX 951 ($12.43) per share, for a total transaction of £76,080 ($99,412.00). Also, insider Mark Read sold 20,104 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of GBX 968 ($12.65), for a total value of £194,606.72 ($254,288.15).

About WPP

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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