Berenberg Bank Reiterates Buy Rating for WPP (LON:WPP)

WPP (LON:WPP)‘s stock had its “buy” rating restated by Berenberg Bank in a research note issued on Tuesday,London Stock Exchange reports. They presently have a GBX 405 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 46.40% from the company’s current price.

Separately, Citigroup raised their price target on WPP from GBX 275 to GBX 285 and gave the company a “neutral” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 350.

WPP Stock Up 5.5%

WPP stock opened at GBX 276.64 on Tuesday. WPP has a 1-year low of GBX 218.50 and a 1-year high of GBX 563. The company has a debt-to-equity ratio of 334.84, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of £2.98 billion, a PE ratio of -13.83, a P/E/G ratio of 13.47 and a beta of 0.66. The stock’s fifty day moving average is GBX 263 and its two-hundred day moving average is GBX 282.36.

Insider Activity

In other news, insider Peter Agnefjäll acquired 75,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were bought at an average price of GBX 281 per share, with a total value of £210,750. Insiders own 2.04% of the company’s stock.

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.