Shore Capital Reiterates “Buy” Rating for WPP (LON:WPP)

WPP (LON:WPP)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

WPP has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft decreased their price target on WPP from GBX 990 ($12.85) to GBX 950 ($12.33) and set a “buy” rating for the company in a report on Friday, August 9th. Citigroup reaffirmed a “buy” rating on shares of WPP in a report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, WPP presently has an average rating of “Moderate Buy” and an average target price of GBX 946.67 ($12.29).

WPP Price Performance

Shares of WPP opened at GBX 830.20 ($10.78) on Wednesday. The firm has a market capitalization of £8.97 billion, a price-to-earnings ratio of 4,369.47, a PEG ratio of 13.47 and a beta of 1.13. The firm’s fifty day simple moving average is GBX 751.35 and its 200-day simple moving average is GBX 762.02. WPP has a twelve month low of GBX 656 ($8.52) and a twelve month high of GBX 856.80 ($11.12). The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55.

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.