WPP’s (WPP) Buy Rating Reaffirmed at Shore Capital

WPP (LON:WPP)‘s stock had its “buy” rating reissued by Shore Capital in a report issued on Wednesday, Digital Look reports.

A number of other research firms have also recently commented on WPP. Deutsche Bank Aktiengesellschaft cut their price target on shares of WPP from GBX 990 ($12.85) to GBX 950 ($12.33) and set a “buy” rating on the stock in a report on Friday, August 9th. Citigroup reiterated a “buy” rating on shares of WPP in a research note on Thursday, September 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 946.67 ($12.29).

WPP Stock Up 6.1 %

Shares of WPP traded up GBX 47.20 ($0.61) during trading hours on Wednesday, hitting GBX 820.80 ($10.66). The company had a trading volume of 4,264,688 shares, compared to its average volume of 4,570,209. The stock has a market capitalization of £8.86 billion, a price-to-earnings ratio of 4,320.00, a P/E/G ratio of 13.47 and a beta of 1.13. The firm has a fifty day moving average price of GBX 745.82 and a 200-day moving average price of GBX 760.79. WPP has a 52-week low of GBX 656 ($8.52) and a 52-week high of GBX 856.80 ($11.12). The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89.

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.