WPP (LON:WPP) Price Target Lowered to GBX 480 at JPMorgan Chase & Co.

WPP (LON:WPP) had its target price cut by JPMorgan Chase & Co. from GBX 590 ($7.96) to GBX 480 ($6.48) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

WPP Stock Down 2.9%

WPP stock opened at GBX 420.80 ($5.68) on Thursday. The stock has a market capitalization of £4.54 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. WPP has a 12 month low of GBX 415.60 ($5.61) and a 12 month high of GBX 903 ($12.18). The business has a 50 day simple moving average of GBX 554.35 and a 200-day simple moving average of GBX 630.83. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89.

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

At WPP we’re reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.