Brokerages Set WPP plc (LON:WPP) Target Price at GBX 946.67

Shares of WPP plc (LON:WPP) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 946.67 ($12.02).

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of WPP from GBX 990 ($12.57) to GBX 950 ($12.07) and set a “buy” rating on the stock in a research note on Friday, August 9th. Citigroup restated a “buy” rating on shares of WPP in a research report on Thursday, September 5th. Finally, Shore Capital reiterated a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd.

WPP Price Performance

LON WPP opened at GBX 860.60 ($10.93) on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55. The company has a market cap of £9.29 billion, a PE ratio of 4,522.11, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. WPP has a 52 week low of GBX 678.80 ($8.62) and a 52 week high of GBX 872.40 ($11.08). The firm’s 50-day simple moving average is GBX 806.34 and its two-hundred day simple moving average is GBX 770.29.

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.