Analysts Set WPP plc (LON:WPP) Target Price at GBX 965.83

Shares of WPP plc (LON:WPP) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 920 ($11.64).

Several research firms have recently commented on WPP. Citigroup reiterated a “buy” rating on shares of WPP in a research note on Friday, June 28th. Shore Capital reiterated a “buy” rating on shares of WPP in a research note on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on WPP from GBX 998 ($12.62) to GBX 990 ($12.52) and set a “buy” rating for the company in a research note on Friday, June 28th.

WPP Stock Performance

WPP stock opened at GBX 743.80 ($9.41) on Friday. The stock has a market cap of £8.03 billion, a P/E ratio of 7,404.00, a price-to-earnings-growth ratio of 13.47 and a beta of 1.11. The company has a current ratio of 0.86, a quick ratio of 0.89 and a debt-to-equity ratio of 179.40. The stock has a 50 day moving average of GBX 791.84 and a 200-day moving average of GBX 763.16. WPP has a 52 week low of GBX 656 ($8.30) and a 52 week high of GBX 878.60 ($11.11).

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.