WPP’s (WPP) “Buy” Rating Reaffirmed at Shore Capital

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

A number of other research firms have also issued reports on WPP. Citigroup reissued a “buy” rating on shares of WPP in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of WPP from GBX 990 ($12.85) to GBX 950 ($12.33) and set a “buy” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 946.67 ($12.29).

WPP Stock Performance

Shares of WPP stock opened at GBX 830.20 ($10.78) on Wednesday. The stock’s 50-day moving average price is GBX 751.35 and its 200 day moving average price is GBX 762.02. 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 stock has a market capitalization of £8.97 billion, a PE ratio of 4,369.47, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. WPP has a 52-week low of GBX 656 ($8.52) and a 52-week high of GBX 856.80 ($11.12).

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.