WPP (LON:WPP) Price Target Lowered to GBX 990 at Deutsche Bank Aktiengesellschaft

WPP (LON:WPP) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 998 ($12.66) to GBX 990 ($12.56) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of WPP in a report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of GBX 965.83 ($12.25).

WPP Stock Down 2.2 %

Shares of LON WPP opened at GBX 724.40 ($9.19) on Friday. 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 stock has a market capitalization of £7.82 billion, a PE ratio of 7,244.00, a P/E/G ratio of 13.47 and a beta of 1.11. WPP has a one year low of GBX 656 ($8.32) and a one year high of GBX 878.60 ($11.15). The business’s fifty day moving average price is GBX 797.45 and its 200-day moving average price is GBX 763.57.

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.