Several other brokerages have also recently issued reports on WPP. Goldman Sachs Group cut WPP from a buy rating to a neutral rating and reduced their price objective for the stock from GBX 1,830 ($25.28) to GBX 1,470 ($20.31) in a research note on Tuesday, January 23rd. Liberum Capital restated a buy rating and set a GBX 1,815 ($25.08) price objective on shares of WPP in a research note on Friday, November 17th. Shore Capital restated a buy rating on shares of WPP in a research note on Tuesday, October 31st. Deutsche Bank reduced their price objective on WPP from GBX 1,750 ($24.18) to GBX 1,510 ($20.86) and set a hold rating on the stock in a research note on Wednesday, November 1st. Finally, Berenberg Bank reduced their price objective on WPP from GBX 1,750 ($24.18) to GBX 1,410 ($19.48) and set a hold rating on the stock in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. WPP presently has a consensus rating of Buy and a consensus price target of GBX 1,681.32 ($23.23).
WPP (LON:WPP) opened at GBX 1,471 ($20.32) on Friday. WPP has a one year low of GBX 1,218.50 ($16.83) and a one year high of GBX 1,928.07 ($26.64).
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.
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