J P Morgan Chase & Co Raises WPP (WPP) Price Target to GBX 1,750

WPP (LON:WPP) had its price objective upped by J P Morgan Chase & Co from GBX 1,697 ($22.84) to GBX 1,750 ($23.55) in a research report released on Tuesday, November 21st. J P Morgan Chase & Co currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. Jefferies Group reduced their target price on shares of WPP from GBX 2,000 ($26.92) to GBX 1,614 ($21.72) and set a buy rating on the stock in a report on Thursday, August 24th. reduced their target price on shares of WPP from GBX 2,000 ($26.92) to GBX 1,850 ($24.90) and set a buy rating on the stock in a report on Thursday, August 24th. Liberum Capital reaffirmed a buy rating and issued a GBX 2,000 ($26.92) target price on shares of WPP in a report on Monday, August 7th. Kepler Capital Markets reaffirmed a buy rating and issued a GBX 2,100 ($28.26) target price on shares of WPP in a report on Tuesday, August 22nd. Finally, Beaufort Securities reduced their target price on shares of WPP from GBX 2,075 ($27.93) to GBX 1,600 ($21.53) and set a buy rating on the stock in a report on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 1,775.65 ($23.90).

WPP (WPP) traded up GBX 12 ($0.16) during midday trading on Tuesday, hitting GBX 1,323 ($17.81). 2,580,870 shares of the stock traded hands, compared to its average volume of 4,780,000. WPP has a twelve month low of GBX 1,238.45 ($16.67) and a twelve month high of GBX 1,928.07 ($25.95).

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About WPP

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.

Analyst Recommendations for WPP (LON:WPP)

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