Liberum Capital Reiterates Buy Rating for WPP (WPP)

WPP (LON:WPP)‘s stock had its “buy” rating restated by Liberum Capital in a report issued on Tuesday. They presently have a GBX 1,815 ($24.43) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 35.15% from the company’s previous close.

A number of other research analysts have also recently issued reports on WPP. Kepler Capital Markets reissued a “buy” rating and set a GBX 2,100 ($28.26) price objective on shares of WPP in a report on Tuesday, August 22nd. Shore Capital reissued a “hold” rating and set a GBX 1,594 ($21.45) price objective on shares of WPP in a report on Wednesday, August 23rd. Investec restated a “hold” rating on shares of WPP in a research note on Wednesday, August 23rd. lowered their target price on WPP from GBX 2,000 ($26.92) to GBX 1,850 ($24.90) and set a “buy” rating for the company in a research note on Thursday, August 24th. Finally, Credit Suisse Group lowered their target price on WPP from GBX 1,920 ($25.84) to GBX 1,600 ($21.53) and set an “outperform” rating for the company in a research note on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,765.55 ($23.76).

WPP (WPP) opened at GBX 1,343 ($18.08) on Tuesday. WPP has a twelve month low of GBX 1,238.45 ($16.67) and a twelve month high of GBX 1,928.07 ($25.95).

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About WPP

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

Analyst Recommendations for WPP (LON:WPP)

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