WPP (LON:WPP) Price Target Raised to GBX 470 at Berenberg Bank

WPP (LON:WPP) had its price objective upped by research analysts at Berenberg Bank from GBX 405 to GBX 470 in a research note issued on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 22.59% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 425 target price on shares of WPP in a report on Friday, August 7th. JPMorgan Chase & Co. boosted their price target on WPP from GBX 350 to GBX 390 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Citigroup upped their price target on WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 428.75.

WPP Stock Performance

Shares of WPP opened at GBX 383.40 on Tuesday. The stock has a 50 day moving average price of GBX 341.73 and a 200 day moving average price of GBX 288.21. WPP has a 52-week low of GBX 218.50 and a 52-week high of GBX 412.60. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 276.02. The company has a market capitalization of £4.14 billion, a price-to-earnings ratio of -17.19, a price-to-earnings-growth ratio of 13.47 and a beta of 0.73.

WPP (LON:WPP) last released its quarterly earnings results on Friday, August 7th. The company reported GBX 1.80 earnings per share (EPS) for the quarter. WPP had a negative return on equity of 9.33% and a negative net margin of 1.81%. Research analysts predict that WPP will post 81.6125654 EPS for the current fiscal year.

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.