WPP (WPP) Stock Rating Reaffirmed by Deutsche Bank

WPP (LON:WPP)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Monday. They currently have a GBX 1,510 ($20.86) price objective on the stock. Deutsche Bank’s price objective would suggest a potential upside of 30.28% from the company’s current price.

WPP has been the subject of a number of other research reports. Macquarie restated an “outperform” rating and issued a GBX 1,400 ($19.34) target price on shares of WPP in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. boosted their price objective on WPP from GBX 1,750 ($24.18) to GBX 1,758 ($24.29) and gave the company an “overweight” rating in a research report on Thursday, December 7th. Goldman Sachs Group downgraded WPP from a “buy” rating to a “neutral” rating and lowered their price objective for the company from GBX 1,830 ($25.28) to GBX 1,470 ($20.31) in a research report on Tuesday, January 23rd. Liberum Capital reiterated a “buy” rating and issued a GBX 1,815 ($25.08) price objective on shares of WPP in a research report on Wednesday, February 14th. Finally, UBS Group set a GBX 1,840 ($25.42) price objective on WPP and gave the company a “buy” rating in a research report on Monday, December 11th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. WPP presently has a consensus rating of “Buy” and a consensus target price of GBX 1,621.05 ($22.40).

Shares of WPP (WPP) opened at GBX 1,159 ($16.01) on Monday. WPP has a 12-month low of GBX 1,155 ($15.96) and a 12-month high of GBX 1,774 ($24.51).

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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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