JPMorgan Chase & Co. Forecasts Strong Price Appreciation for WPP (LON:WPP) Stock

WPP (LON:WPP) had its price target increased by investment analysts at JPMorgan Chase & Co. from GBX 860 ($10.90) to GBX 1,040 ($13.18) in a research note issued on Wednesday, MarketBeat reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.22% from the company’s previous close.

A number of other brokerages have also recently commented on WPP. Citigroup reaffirmed a “buy” rating on shares of WPP in a research report on Thursday, September 5th. Shore Capital reaffirmed a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 996.67 ($12.63).

WPP Stock Performance

LON WPP opened at GBX 887.20 ($11.25) on Wednesday. The firm’s fifty day moving average price is GBX 822.76 and its two-hundred day moving average price is GBX 771.91. The stock has a market cap of £9.58 billion, a PE ratio of 4,637.89, a PEG ratio of 13.47 and a beta of 1.13. WPP has a fifty-two week low of GBX 678.80 ($8.60) and a fifty-two week high of GBX 903 ($11.45). The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89.

Insider Activity

In other news, insider Joanne Wilson sold 8,794 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.90), for a total transaction of £75,628.40 ($95,865.64). Insiders own 0.22% of the company’s stock.

WPP Company Profile

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.