Wpp Plc (LON:WPP) had its price objective reduced by equities research analysts at Berenberg Bank from GBX 1,750 ($23.02) to GBX 1,410 ($18.55) in a research report issued to clients and investors on Wednesday, November 1st. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential upside of 9.13% from the stock’s previous close.
Several other brokerages have also issued reports on WPP. Numis Securities Ltd restated an “under review” rating on shares of Wpp Plc in a research report on Tuesday, October 31st. Shore Capital upgraded Wpp Plc to a “buy” rating in a report on Friday, September 29th. Credit Suisse Group reiterated an “outperform” rating on shares of Wpp Plc in a report on Friday, July 21st. Morgan Stanley downgraded shares of Wpp Plc to an “equal weight” rating and reduced their price objective for the stock from GBX 1,930 ($25.38) to GBX 1,600 ($21.04) in a research note on Tuesday, September 26th. Finally, Kepler Capital Markets reissued a “buy” rating and issued a GBX 2,100 ($27.62) price objective on shares of Wpp Plc in a research note on Tuesday, August 22nd. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 1,775.50 ($23.35).
Wpp Plc (WPP) traded down GBX 12 ($0.16) on Wednesday, reaching GBX 1,292 ($16.99). The company had a trading volume of 1,838,563 shares, compared to its average volume of 5,420,000. Wpp Plc has a 12 month low of GBX 1,259.20 ($16.56) and a 12 month high of GBX 1,928.07 ($25.36).
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In related news, insider Jacques Aigrain purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average cost of GBX 1,439 ($18.93) per share, for a total transaction of £57,560 ($75,706.96).
About Wpp Plc
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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