WPP (LON:WPP) Price Target Cut to GBX 960 by Analysts at JPMorgan Chase & Co.

WPP (LON:WPP) had its target price decreased by JPMorgan Chase & Co. from GBX 1,040 ($12.80) to GBX 960 ($11.81) in a research report released on Tuesday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Shore Capital reiterated a “buy” rating on shares of WPP in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 970 ($11.94).

WPP Stock Performance

WPP opened at GBX 732 ($9.01) on Tuesday. The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89. WPP has a 52-week low of GBX 678.80 ($8.35) and a 52-week high of GBX 903 ($11.11). The firm has a market cap of £7.91 billion, a P/E ratio of 3,852.63, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The business’s fifty day moving average is GBX 837.91 and its 200-day moving average is GBX 777.97.

Insider Buying and Selling at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.58), for a total transaction of £75,628.40 ($93,058.20). Company insiders own 0.22% of the company’s stock.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.