WPP’s (WPP) Buy Rating Reiterated at Liberum Capital

WPP (LON:WPP)‘s stock had its “buy” rating reiterated by equities researchers at Liberum Capital in a report issued on Thursday, ThisIsMoney.Co.Uk reports.

WPP has been the subject of a number of other research reports. Morgan Stanley upped their price objective on WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the company an “equal weight” rating in a research note on Wednesday. Numis Securities upped their price objective on from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the company a “buy” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. cut their price target on Teck Resources from C$56.00 to C$55.00 in a research note on Wednesday, April 24th. Deutsche Bank increased their price target on Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 900 ($11.76) price target on shares of WPP in a research note on Friday, July 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,144.67 ($14.96).

Shares of LON:WPP opened at GBX 916.80 ($11.98) on Thursday. The company has a market cap of $11.57 billion and a P/E ratio of 10.88. The company has a debt-to-equity ratio of 67.91, a current ratio of 0.96 and a quick ratio of 0.94. The company has a fifty day simple moving average of GBX 973.20. WPP has a 1 year low of GBX 791 ($10.34) and a 1 year high of GBX 1,323.50 ($17.29).

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

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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