WPP (LON:WPP) Stock Rating Reaffirmed as Buy by Berenberg Bank

WPP (LON:WPP)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued on Monday, September 28th, Digital Look reports. They currently have a GBX 470 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 26.21% from the stock’s previous close.

Several other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 425 target price on shares of WPP in a research note on Friday, August 7th. Citigroup boosted their price objective on WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 428.75.

WPP Trading Down 0.1%

Shares of WPP stock traded down GBX 0.30 on Monday, hitting GBX 372.40. The stock had a trading volume of 3,732,365 shares, compared to its average volume of 33,476,629. The company’s 50 day moving average price is GBX 372.02 and its 200-day moving average price is GBX 300.72. WPP has a 1 year low of GBX 218.50 and a 1 year high of GBX 412.60. The company has a debt-to-equity ratio of 276.02, a current ratio of 0.87 and a quick ratio of 0.89. The firm has a market capitalization of £4.02 billion, a P/E ratio of -16.70, a P/E/G ratio of 13.47 and a beta of 0.73.

WPP (LON:WPP) last released its earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share for the quarter. WPP had a negative return on equity of 9.33% and a negative net margin of 1.81%. Analysts anticipate that WPP will post 81.6125654 earnings per share for the current year.

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.