JPMorgan Chase & Co. Reiterates Overweight Rating for WPP (LON:WPP)

WPP (LON:WPPGet Rating)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 1,280 ($16.65) target price on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 26.54% from the company’s previous close.

WPP has been the topic of a number of other research reports. UBS Group set a GBX 1,550 ($20.17) target price on WPP in a research report on Friday, January 14th. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,185 ($15.42) target price on shares of WPP in a research report on Wednesday, March 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 950 ($12.36) target price on shares of WPP in a research report on Thursday, April 14th. Barclays lowered WPP to an “equal weight” rating and cut their price target for the company from GBX 1,475 ($19.19) to GBX 1,250 ($16.26) in a research note on Monday, March 14th. Finally, The Goldman Sachs Group set a GBX 1,450 ($18.87) price target on WPP in a research note on Thursday, January 20th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 1,259.80 ($16.39).

WPP opened at GBX 1,011.50 ($13.16) on Thursday. The firm has a market cap of £11.20 billion and a P/E ratio of 19.27. WPP has a 52-week low of GBX 868.80 ($11.30) and a 52-week high of GBX 1,231.50 ($16.02). The company has a debt-to-equity ratio of 167.75, a quick ratio of 0.92 and a current ratio of 0.93. The business’s fifty day moving average is GBX 1,036.87 and its 200-day moving average is GBX 1,076.36.

In other news, insider Thomas Ilube acquired 1,000 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was purchased at an average price of GBX 1,033 ($13.44) per share, for a total transaction of £10,330 ($13,440.02). Also, insider John Rogers sold 105,949 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of GBX 1,045 ($13.60), for a total value of £1,107,167.05 ($1,440,498.37).

About WPP (Get Rating)

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.

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