WPP (LON:WPP) Price Target Raised to GBX 1,090

WPP (LON:WPP) had its target price raised by Deutsche Bank from GBX 1,070 ($13.98) to GBX 1,090 ($14.24) in a report released on Monday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Shore Capital restated a buy rating on shares of WPP in a report on Friday, August 9th. Berenberg Bank reaffirmed a hold rating and issued a GBX 900 ($11.76) price target on shares of WPP in a research note on Friday, July 12th. HSBC cut their price target on shares of WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a hold rating on the stock in a research note on Thursday, July 4th. JPMorgan Chase & Co. lifted their price target on shares of WPP from GBX 1,100 ($14.37) to GBX 1,125 ($14.70) and gave the company an overweight rating in a research note on Friday, August 9th. Finally, Barclays reaffirmed an overweight rating on shares of WPP in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. WPP presently has a consensus rating of Hold and a consensus price target of GBX 1,104.64 ($14.43).

Shares of LON WPP opened at GBX 937 ($12.24) on Monday. The stock has a market cap of $11.82 billion and a P/E ratio of 11.12. The firm has a 50 day moving average price of GBX 959.29 and a 200 day moving average price of GBX 917.03. 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).

The business also recently declared a dividend, which will be paid on Monday, November 4th. Shareholders of record on Thursday, October 3rd will be paid a GBX 22.70 ($0.30) dividend. This represents a yield of 2.33%. The ex-dividend date of this dividend is Thursday, October 3rd. WPP’s payout ratio is currently 0.71%.

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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