WPP (LON:WPP) Rating Reiterated by Deutsche Bank

WPP (LON:WPP)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports.

Other research analysts have also issued research reports about the company. Liberum Capital restated a “buy” rating on shares of Boohoo Group in a research report on Friday. Numis Securities boosted their target price on from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the company a “buy” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. dropped their target price on Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. Credit Suisse Group restated a “sell” rating and set a $6.50 target price on shares of Deutsche Bank in a research report on Monday, April 29th. Finally, UBS Group set a €23.50 ($27.33) target price on Infineon Technologies and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,140.67 ($14.90).

Shares of LON:WPP opened at GBX 961.40 ($12.56) on Friday. WPP has a 1 year low of GBX 791 ($10.34) and a 1 year high of GBX 1,323.50 ($17.29). The company’s 50 day simple moving average is GBX 973.97. The stock has a market capitalization of $12.13 billion and a price-to-earnings ratio of 11.40. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 67.91.

In related news, insider Mark Read sold 20,104 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of GBX 968 ($12.65), for a total value of £194,606.72 ($254,288.15). Also, insider Cindy Rose acquired 8,000 shares of WPP stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of GBX 951 ($12.43) per share, with a total value of £76,080 ($99,412.00).

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 Consulting, Health & Wellness 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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Analyst Recommendations for WPP (LON:WPP)

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