WPP (LON:WPP) Rating Reiterated by Shore Capital

WPP (LON:WPP)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a research report issued to clients and investors on Thursday, Marketbeat.com reports.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on WPP from GBX 850 ($10.58) to GBX 890 ($11.08) and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Barclays reissued an “overweight” rating and set a GBX 1,000 ($12.45) price objective on shares of WPP in a research report on Wednesday, January 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,005.83 ($12.52).

WPP Price Performance

Shares of LON:WPP opened at GBX 774.20 ($9.64) on Thursday. WPP has a fifty-two week low of GBX 656 ($8.17) and a fifty-two week high of GBX 965.60 ($12.02). The business has a 50-day moving average of GBX 738.64 and a two-hundred day moving average of GBX 734.45. The stock has a market capitalization of £8.28 billion, a P/E ratio of 7,742.00, a P/E/G ratio of 2.54 and a beta of 1.14. 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 Company Profile

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.