WPP’s (WPP) “Buy” Rating Reaffirmed at Citigroup

WPP (LON:WPP)‘s stock had its “buy” rating reissued by Citigroup in a report issued on Thursday, MarketBeat reports.

A number of other brokerages have also commented on WPP. Shore Capital restated a “buy” rating on shares of WPP in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on WPP from GBX 990 ($13.02) to GBX 950 ($12.49) and set a “buy” rating for the company in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 910 ($11.97).

WPP Stock Down 1.0 %

Shares of WPP stock opened at GBX 739.20 ($9.72) on Thursday. WPP has a 1 year low of GBX 656 ($8.63) and a 1 year high of GBX 856.80 ($11.27). The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of £7.98 billion, a P/E ratio of 3,890.53, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The business has a 50-day moving average of GBX 723.78 and a two-hundred day moving average of GBX 752.50.

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.