JPMorgan Chase & Co. Cuts WPP (LON:WPP) Price Target to GBX 960

WPP (LON:WPP) had its target price trimmed by JPMorgan Chase & Co. from GBX 1,040 ($12.80) to GBX 960 ($11.81) in a research note published on Tuesday morning, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 970 ($11.94).

WPP Stock Performance

Shares of LON WPP opened at GBX 732 ($9.01) on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55. The company has a market capitalization of £7.91 billion, a P/E ratio of 3,852.63, a P/E/G ratio of 13.47 and a beta of 1.13. WPP has a 12 month low of GBX 678.80 ($8.35) and a 12 month high of GBX 903 ($11.11). The stock has a 50 day moving average of GBX 837.91 and a 200-day moving average of GBX 777.97.

Insider Transactions at WPP

In related news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.58), for a total value of £75,628.40 ($93,058.20). 0.22% of the stock is 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.