WPP’s (WPP) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of WPP (LON:WPP – Free Report) in a research report sent to investors on Monday morning,Digital Look reports. They currently have a GBX 470 price objective on the stock.

WPP has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on shares of WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 425 price target on shares of WPP in a research report on Friday, August 7th. Finally, Citigroup raised their price objective on shares of WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, WPP has an average rating of “Moderate Buy” and a consensus price target of GBX 428.75.

View Our Latest Stock Analysis on WPP

WPP Trading Down 2.0%

Shares of LON WPP opened at GBX 376.10 on Monday. WPP has a 12 month low of GBX 218.50 and a 12 month high of GBX 412.60. The company has a market cap of £4.06 billion, a price-to-earnings ratio of -16.87, a P/E/G ratio of 13.47 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02. The business has a fifty day simple moving average of GBX 368 and a 200-day simple moving average of GBX 298.75.

WPP (LON:WPP – Get Free Report) last released its quarterly 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%. Sell-side analysts predict that WPP will post 81.6125654 EPS for the current year.

WPP Company Profile

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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.

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