Analysts Set WPP plc (LON:WPP) Target Price at GBX 946.67

WPP plc (LON:WPP) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 946.67 ($12.02).

A number of analysts have recently issued reports on WPP shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of WPP from GBX 990 ($12.57) to GBX 950 ($12.07) and set a “buy” rating for the company in a research note on Friday, August 9th. Citigroup reissued a “buy” rating on shares of WPP in a research note on Thursday, September 5th. Finally, Shore Capital reissued a “buy” rating on shares of WPP in a research note on Wednesday, October 23rd.

WPP Price Performance

LON WPP opened at GBX 860.60 ($10.93) on Monday. The firm’s 50 day moving average is GBX 806.34 and its 200-day moving average is GBX 770.29. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55. WPP has a 12-month low of GBX 678.80 ($8.62) and a 12-month high of GBX 872.40 ($11.08). The company has a market capitalization of £9.29 billion, a PE ratio of 4,522.11, 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.