WPP (LON:WPP) Reaches New 52-Week High – Here’s What Happened

WPP plc (LON:WPP) shares hit a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 429.80 and last traded at GBX 428.70, with a volume of 8,654,834 shares changing hands. The stock had previously closed at GBX 419.20.

Wall Street Analysts Forecast Growth

WPP has been the subject of several analyst reports. Berenberg Bank upped their price target on shares of WPP from GBX 470 to GBX 480 and gave the company a “buy” rating in a research report on Friday, October 30th. Citigroup upped their price target on WPP from GBX 285 to GBX 430 and gave the stock a “neutral” rating in a research note on Monday, August 10th. 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. Finally, JPMorgan Chase & Co. upped their price objective on WPP from GBX 350 to GBX 390 and gave the company a “neutral” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 431.25.

WPP Stock Up 1.5%

The business has a 50-day moving average price of GBX 386.73 and a 200 day moving average price of GBX 307.12. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 276.02. The stock has a market capitalization of £4.59 billion, a P/E ratio of -19.07, a P/E/G ratio of 13.47 and a beta of 0.74.

WPP (LON:WPP) last announced 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 1.81% and a negative return on equity of 9.33%. On average, equities analysts expect that WPP plc will post 81.61 EPS for the current fiscal year.

WPP Company Profile

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.