WPP (LON:WPP) Price Target Cut to GBX 960 by Analysts at JPMorgan Chase & Co.

WPP (LON:WPP) had its price objective reduced by JPMorgan Chase & Co. from GBX 1,040 ($12.97) to GBX 960 ($11.98) in a research note released on Tuesday, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Shore Capital restated a “buy” rating on shares of WPP in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, WPP currently has a consensus rating of “Moderate Buy” and an average target price of GBX 970 ($12.10).

WPP Stock Performance

Shares of LON WPP opened at GBX 756.95 ($9.44) on Tuesday. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of £8.18 billion, a price-to-earnings ratio of 3,983.93, a P/E/G ratio of 13.47 and a beta of 1.13. The stock’s fifty day moving average price is GBX 841.06 and its two-hundred day moving average price is GBX 778.07. WPP has a one year low of GBX 678.80 ($8.47) and a one year high of GBX 903 ($11.26).

Insiders Place Their Bets

In related news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.73), for a total transaction of £75,628.40 ($94,346.81). Corporate insiders own 0.22% of the company’s stock.

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.