Wpp Plc (LON:WPP) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from GBX 2,075 ($25.74) to GBX 2,032 ($25.21) in a research report issued on Tuesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 17.90% from the stock’s previous close.
WPP has been the subject of a number of other research reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 1,989 ($24.67) price target on shares of Wpp Plc in a report on Wednesday, September 28th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 1,975 ($24.50) price target on shares of Wpp Plc in a report on Tuesday, August 30th. Jefferies Group downgraded shares of Wpp Plc to a “hold” rating and lowered their price target for the company from GBX 1,850 ($22.95) to GBX 1,820 ($22.58) in a report on Monday, September 26th. HSBC increased their price target on shares of Wpp Plc from GBX 1,900 ($23.57) to GBX 2,050 ($25.43) and gave the company a “hold” rating in a report on Friday, October 14th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,100 ($26.05) price target on shares of Wpp Plc in a report on Monday, October 3rd. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 1,868.82 ($23.18).
Wpp Plc (LON:WPP) opened at 1704.00 on Tuesday. Wpp Plc has a 12-month low of GBX 1,204.00 and a 12-month high of GBX 1,875.00. The firm’s 50 day moving average price is GBX 1,730.83 and its 200-day moving average price is GBX 1,694.58. The stock’s market cap is GBX 21.88 billion.