JPMorgan Chase & Co. Lowers WPP (LON:WPP) Price Target to GBX 960

WPP (LON:WPP) had its target price dropped by equities researchers at JPMorgan Chase & Co. from GBX 1,040 ($12.86) to GBX 960 ($11.87) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 28.40% from the company’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, WPP has a consensus rating of “Moderate Buy” and a consensus price target of GBX 970 ($11.99).

WPP Trading Down 1.4 %

WPP stock opened at GBX 747.66 ($9.24) on Tuesday. WPP has a 12-month low of GBX 678.80 ($8.39) and a 12-month high of GBX 903 ($11.16). The stock has a market capitalization of £8.07 billion, a PE ratio of 3,935.05, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The firm has a 50 day simple moving average of GBX 839.54 and a 200-day simple moving average of GBX 778.15. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89.

Insider Transactions at WPP

In related news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.63), for a total transaction of £75,628.40 ($93,483.81). 0.22% of the stock is owned by corporate insiders.

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.