UBS Group Reaffirms Buy Rating for WPP (WPP)

WPP (LON:WPP)‘s stock had its “buy” rating restated by analysts at UBS Group in a research report issued on Monday, February 26th, reports. They currently have a GBX 1,840 ($25.42) target price on the stock. UBS Group’s target price would suggest a potential upside of 59.17% from the company’s current price.

Several other equities research analysts also recently weighed in on WPP. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,400 ($19.34) price target on shares of WPP in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. boosted their price target on shares of WPP from GBX 1,750 ($24.18) to GBX 1,758 ($24.29) and gave the stock an “overweight” rating in a report on Thursday, December 7th. Berenberg Bank dropped their target price on shares of WPP from GBX 1,750 ($24.18) to GBX 1,410 ($19.48) and set a “hold” rating on the stock in a research note on Wednesday, November 1st. Goldman Sachs Group lowered shares of WPP from a “buy” rating to a “neutral” rating and lowered their price target for the company from GBX 1,830 ($25.28) to GBX 1,470 ($20.31) in a research report on Tuesday, January 23rd. Finally, Deutsche Bank reissued a “hold” rating on shares of WPP in a research report on Friday, January 26th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,621.05 ($22.40).

Shares of WPP (WPP) traded down GBX 3 ($0.04) during trading on Monday, reaching GBX 1,156 ($15.97). 4,320,000 shares of the company’s stock were exchanged, compared to its average volume of 6,990,000. WPP has a 1 year low of GBX 1,154 ($15.94) and a 1 year high of GBX 1,774 ($24.51).

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WPP Company Profile

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 & Identity, Healthcare 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.

Analyst Recommendations for WPP (LON:WPP)

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