WPP (LON:WPP) Given New GBX 960 Price Target at JPMorgan Chase & Co.

WPP (LON:WPP) had its price target decreased by equities researchers at JPMorgan Chase & Co. from GBX 1,040 ($12.86) to GBX 960 ($11.87) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 28.40% from the company’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 970 ($11.99).

WPP Price Performance

WPP stock opened at GBX 747.66 ($9.24) on Tuesday. The business’s fifty day moving average is GBX 839.54 and its two-hundred day moving average is GBX 778.15. The firm has a market cap of £8.07 billion, a P/E ratio of 3,935.05, a P/E/G ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 190.55, a quick ratio of 0.89 and a current ratio of 0.89. WPP has a 52 week low of GBX 678.80 ($8.39) and a 52 week high of GBX 903 ($11.16).

Insider Activity at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.63), for a total value of £75,628.40 ($93,483.81). 0.22% of the stock is currently owned by corporate insiders.

WPP Company Profile

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.