WPP plc (LON:WPP) Receives Consensus Rating of “Moderate Buy” from Brokerages

WPP plc (LON:WPP) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 946.67 ($11.92).

Several brokerages recently issued reports on WPP. Shore Capital reissued a “buy” rating on shares of WPP in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut their price target on WPP from GBX 990 ($12.47) to GBX 950 ($11.96) and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Citigroup reaffirmed a “buy” rating on shares of WPP in a research note on Thursday, September 5th.

WPP Price Performance

Shares of WPP stock opened at GBX 835.80 ($10.53) on Monday. The company’s 50-day simple moving average is GBX 796.75 and its two-hundred day simple moving average is GBX 769.47. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89. WPP has a one year low of GBX 678.80 ($8.55) and a one year high of GBX 872.40 ($10.99). The company has a market capitalization of £9.03 billion, a P/E ratio of 4,397.89, a P/E/G ratio of 13.47 and a beta of 1.13.

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.