WPP plc (LON:WPP) Receives GBX 946.67 Consensus Target Price from Brokerages

Shares of WPP plc (LON:WPP) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 946.67 ($12.00).

WPP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WPP from GBX 990 ($12.55) to GBX 950 ($12.04) and set a “buy” rating for the company in a research report on Friday, August 9th. Shore Capital reiterated a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. Finally, Citigroup reiterated a “buy” rating on shares of WPP in a research report on Thursday, September 5th.

WPP Price Performance

WPP stock opened at GBX 852.20 ($10.80) on Monday. WPP has a 52 week low of GBX 678.80 ($8.61) and a 52 week high of GBX 872.40 ($11.06). The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55. The company has a fifty day simple moving average of GBX 802.75 and a two-hundred day simple moving average of GBX 769.99. The firm has a market capitalization of £9.20 billion, a P/E ratio of 4,485.26, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

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.