WPP (LON:WPP) Rating Reiterated by Numis Securities

Numis Securities reiterated their reduce rating on shares of WPP (LON:WPP) in a research report sent to investors on Thursday, June 6th, ThisIsMoney.Co.Uk reports.

Several other analysts have also issued reports on WPP. Liberum Capital reduced their target price on shares of WPP from GBX 1,375 ($17.97) to GBX 1,290 ($16.86) and set a buy rating for the company in a research note on Thursday, February 28th. UBS Group reiterated a buy rating and issued a GBX 1,150 ($15.03) target price (down previously from GBX 1,175 ($15.35)) on shares of WPP in a research note on Wednesday, February 27th. Shore Capital upgraded shares of WPP to a buy rating in a research report on Monday, February 25th. Finally, Deutsche Bank upgraded shares of WPP to a buy rating in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 1,142.67 ($14.93).

WPP stock traded up GBX 11.20 ($0.15) during midday trading on Thursday, reaching GBX 990.20 ($12.94). 2,716,003 shares of the company’s stock traded hands, compared to its average volume of 6,860,000. The firm has a market capitalization of $12.50 billion and a P/E ratio of 11.75. The firm has a fifty day simple moving average of GBX 966.42. The company has a debt-to-equity ratio of 67.91, a quick ratio of 0.94 and a current ratio of 0.96. WPP has a 52 week low of GBX 791 ($10.34) and a 52 week high of GBX 1,323.50 ($17.29).

In related news, insider Mark Read sold 20,104 shares of the company’s stock in a transaction that occurred 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). Also, insider Cindy Rose acquired 8,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of GBX 951 ($12.43) per share, for a total transaction of £76,080 ($99,412.00).

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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