WPP (LON:WPP) Price Target Raised to GBX 390

WPP (LON:WPP) had its price objective upped by research analysts at JPMorgan Chase & Co. from GBX 350 to GBX 390 in a note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock.

WPP has been the topic of several other reports. Berenberg Bank reissued a “buy” rating and issued a GBX 405 price target on shares of WPP in a report on Tuesday, June 9th. Citigroup boosted their price objective on WPP from GBX 275 to GBX 285 and gave the stock a “neutral” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 360.

WPP Price Performance

LON:WPP opened at GBX 390 on Friday. The company has a market cap of £4.21 billion, a P/E ratio of -19.50, a P/E/G ratio of 13.47 and a beta of 0.68. The firm’s fifty day moving average price is GBX 277.32 and its two-hundred day moving average price is GBX 269.30. WPP has a one year low of GBX 218.50 and a one year high of GBX 409.50. The company has a debt-to-equity ratio of 268.98, a current ratio of 0.89 and a quick ratio of 0.89.

WPP (LON:WPP) last posted its earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share (EPS) for the quarter. WPP had a negative net margin of 1.59% and a negative return on equity of 7.54%. Equities analysts expect that WPP will post 81.6125654 earnings per share for the current year.

Insider Activity

In other WPP news, insider Peter Agnefjäll purchased 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of GBX 281 per share, for a total transaction of £210,750. Also, insider Cindy Rose sold 88,227 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of GBX 282, for a total transaction of £248,800.14. Corporate insiders own 2.04% of the company’s stock.

More WPP News

Here are the key news stories impacting WPP this week:

• Positive Sentiment: WPP reported a 4.7% like-for-like decline in first-half adjusted revenue, but the result reportedly showed signs of stabilization and recovery. Investors appear to have focused on improving trends rather than the still-negative growth rate. WPP shares soar as advertising group shows signs of recovery
• Positive Sentiment: Profit growth outpaced the revenue decline, indicating that cost controls and efficiency measures are supporting margins. This helped drive reports of a more than 20% share-price jump. WPP jumps over 24pc as profit growth defies revenue slide
• Positive Sentiment: Management’s overhaul is beginning to produce results, easing concerns about WPP’s turnaround and prompting investors to reassess the company’s recovery prospects. WPP shares jump more than 20% as overhaul begins to bear fruit
• Neutral Sentiment: The market reaction reflects a “turnaround bounce” rather than confirmation that WPP has fully returned to sustainable growth; investors will likely look for further evidence in coming quarters. WPP Gets a Turnaround Bounce, Not a Victory Lap
• Negative Sentiment: WPP is cutting jobs while revenue continues to fall, underscoring ongoing restructuring needs and weak demand across parts of the advertising market. WPP slashes jobs as revenue continues to fall

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.