WPP plc (LON:WPP) Given Average Rating of “Moderate Buy” by Analysts

Shares of WPP plc (LON:WPP) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 946.67 ($12.32).

Several research analysts have recently issued reports on WPP shares. Citigroup reissued a “buy” rating on shares of WPP in a research note on Thursday, September 5th. Shore Capital reaffirmed a “buy” rating on shares of WPP in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of WPP from GBX 990 ($12.89) to GBX 950 ($12.37) and set a “buy” rating on the stock in a research note on Friday, August 9th.

WPP Stock Performance

WPP opened at GBX 859 ($11.18) on Thursday. WPP has a twelve month low of GBX 678.80 ($8.84) and a twelve month high of GBX 872.40 ($11.36). The stock has a market cap of £9.28 billion, a PE ratio of 4,521.05, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The business’s 50 day moving average is GBX 772.64 and its 200-day moving average is GBX 766.96. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55.

About WPP

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.