WPP (LON:WPP) Earns “Buy” Rating from Berenberg Bank

WPP (LON:WPP)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Monday, Digital Look reports. They presently have a GBX 470 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 24.97% from the stock’s previous close.

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

WPP Stock Down 2.0%

Shares of LON:WPP opened at GBX 376.10 on Monday. The firm’s 50 day moving average price is GBX 368 and its 200 day moving average price is GBX 298.75. The stock has a market cap of £4.06 billion, a price-to-earnings ratio of -16.87, a price-to-earnings-growth ratio of 13.47 and a beta of 0.73. WPP has a fifty-two week low of GBX 218.50 and a fifty-two week high of GBX 412.60. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02.

WPP (LON:WPP) last posted its quarterly earnings results on Friday, August 7th. The company reported GBX 1.80 EPS for the quarter. WPP had a negative net margin of 1.81% and a negative return on equity of 9.33%. As a group, equities research analysts predict that WPP will post 81.6125654 earnings per share for the current fiscal 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.