JPMorgan Chase & Co. Issues Positive Forecast for WPP (LON:WPP) Stock Price

WPP (LON:WPP) had its target price hoisted by JPMorgan Chase & Co. from GBX 860 ($10.99) to GBX 1,040 ($13.29) in a report issued on Wednesday,London Stock Exchange reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 18.40% from the stock’s previous close.

Several other analysts have also commented on WPP. Citigroup reaffirmed a “buy” rating on shares of WPP in a research report on Thursday, September 5th. Shore Capital reissued a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 996.67 ($12.73).

WPP Stock Down 0.1 %

WPP stock opened at GBX 878.40 ($11.22) on Wednesday. The firm has a market cap of £9.49 billion, a PE ratio of 4,616.84, a PEG ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50 day moving average price is GBX 818.69 and its 200-day moving average price is GBX 771.20. WPP has a one year low of GBX 678.80 ($8.67) and a one year high of GBX 903 ($11.54).

Insider Buying and Selling at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.99), for a total transaction of £75,628.40 ($96,625.02). 0.22% of the stock is owned by corporate insiders.

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.