WPP’s (WPP) “Buy” Rating Reiterated at Citigroup

Citigroup reissued their buy rating on shares of WPP (LON:WPP) in a report issued on Friday morning, MarketBeat.com reports.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of WPP from GBX 998 ($12.66) to GBX 990 ($12.56) and set a buy rating for the company in a research note on Friday. Shore Capital reissued a buy rating on shares of WPP in a research note on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of GBX 910 ($11.54).

WPP Stock Down 2.2 %

WPP opened at GBX 724.40 ($9.19) on Friday. The company has a fifty day moving average price of GBX 797.45 and a 200-day moving average price of GBX 764.04. The firm has a market capitalization of £7.82 billion, a P/E ratio of 7,244.00, a price-to-earnings-growth ratio of 13.47 and a beta of 1.11. The company has a debt-to-equity ratio of 179.40, a current ratio of 0.86 and a quick ratio of 0.89. WPP has a one year low of GBX 656 ($8.32) and a one year high of GBX 878.60 ($11.15).

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.