WPP (LON:WPP) Given “Buy” Rating at Citigroup

Citigroup reiterated their buy rating on shares of WPP (LON:WPP) in a research report report published on Friday morning, Marketbeat Ratings reports.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of WPP from GBX 998 ($12.66) to GBX 990 ($12.56) and set a buy rating for the company in a research note on Friday. Shore Capital restated a buy rating on shares of WPP in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of GBX 965.83 ($12.25).

WPP Stock Performance

Shares of LON WPP opened at GBX 724.40 ($9.19) on Friday. The business’s 50-day simple moving average is GBX 797.45 and its 200-day simple moving average is GBX 763.57. WPP has a 52 week low of GBX 656 ($8.32) and a 52 week high of GBX 878.60 ($11.15). The company has a debt-to-equity ratio of 179.40, a quick ratio of 0.89 and a current ratio of 0.86. The firm has a market cap of £7.82 billion, a price-to-earnings ratio of 7,244.00, a P/E/G ratio of 13.47 and a beta of 1.11.

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.