WPP (LON:WPP) Rating Reiterated by Citigroup

WPP (LON:WPP)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup in a research report issued on Friday, MarketBeat reports.

A number of other brokerages have also weighed in on WPP. Deutsche Bank Aktiengesellschaft cut their target price on shares of WPP from GBX 998 ($12.66) to GBX 990 ($12.56) and set a “buy” rating for the company in a research report on Friday. Shore Capital restated a “buy” rating on shares of WPP in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 965.83 ($12.25).

WPP Price Performance

Shares of LON:WPP opened at GBX 724.40 ($9.19) on Friday. The company has a quick ratio of 0.89, a current ratio of 0.86 and a debt-to-equity ratio of 179.40. The firm has a market capitalization of £7.82 billion, a PE ratio of 7,244.00, a P/E/G ratio of 13.47 and a beta of 1.11. WPP has a twelve month low of GBX 656 ($8.32) and a twelve month high of GBX 878.60 ($11.15). The company has a 50-day moving average price of GBX 797.45 and a two-hundred day moving average price of GBX 763.76.

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.