J P Morgan Chase & Co Reiterates “GBX 1,758” Price Target for WPP (LON:WPP)

WPP (LON:WPP) has been assigned a GBX 1,758 ($23.66) price objective by stock analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday, December 6th. The brokerage currently has a “buy” rating on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 26.57% from the stock’s previous close.

Several other research firms have also commented on WPP. Deutsche Bank reiterated a “hold” rating and set a GBX 1,750 ($23.55) price objective on shares of WPP in a research report on Wednesday, October 25th. Liberum Capital reiterated a “buy” rating and set a GBX 1,865 ($25.10) price objective on shares of WPP in a research report on Monday, October 30th. Goldman Sachs Group reiterated a “buy” rating on shares of WPP in a research report on Wednesday, September 13th. Credit Suisse Group lowered their price objective on shares of WPP from GBX 1,600 ($21.53) to GBX 1,500 ($20.19) and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Finally, Shore Capital reiterated a “buy” rating on shares of WPP in a research report on Monday, October 23rd. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,765.55 ($23.76).

Shares of WPP (WPP) traded up GBX 35 ($0.47) during trading hours on Wednesday, hitting GBX 1,389 ($18.69). 7,782,858 shares of the company were exchanged, compared to its average volume of 4,180,000. WPP has a 12-month low of GBX 1,238.45 ($16.67) and a 12-month high of GBX 1,928.07 ($25.95).

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WPP Company Profile

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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