Citigroup Reiterates “Buy” Rating for WPP (LON:WPP)

Citigroup reissued their buy rating on shares of WPP (LON:WPP) in a research note published on Friday, MarketBeat reports.

A number of other research firms also recently commented on WPP. Deutsche Bank Aktiengesellschaft reduced their target price on WPP from GBX 998 ($12.62) to GBX 990 ($12.52) and set a buy rating on the stock in a research report on Friday. Shore Capital reaffirmed a buy rating on shares of WPP in a research report on Thursday, June 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of GBX 910 ($11.51).

WPP Price Performance

Shares of WPP stock opened at GBX 719.20 ($9.10) on Friday. The firm’s 50-day moving average is GBX 796.05 and its two-hundred day moving average is GBX 763.80. WPP has a 12 month low of GBX 656 ($8.30) and a 12 month high of GBX 878.60 ($11.11). The company has a debt-to-equity ratio of 179.40, a current ratio of 0.86 and a quick ratio of 0.89. The company has a market capitalization of £7.77 billion, a PE ratio of 7,192.00, a price-to-earnings-growth ratio of 13.47 and a beta of 1.11.

About WPP

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.