WPP's (WPP) Buy Rating Reaffirmed at Shore Capital

WPP (LON:WPP - Get Free Report)'s stock had its "buy" rating reissued by Shore Capital in a note issued to investors on Thursday, Marketbeat Ratings reports.

WPP has been the topic of several other reports. Barclays restated an "overweight" rating and set a GBX 1,000 ($12.45) price objective on shares of WPP in a research report on Wednesday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of WPP from GBX 850 ($10.58) to GBX 890 ($11.08) and gave the company a "neutral" rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,005.83 ($12.52).

WPP Price Performance

Shares of WPP stock traded up GBX 9.20 ($0.11) on Thursday, hitting GBX 771.40 ($9.60). 6,051,684 shares of the stock traded hands, compared to its average volume of 2,495,076. The firm has a market cap of £8.25 billion, a price-to-earnings ratio of 7,692.00, a PEG ratio of 2.54 and a beta of 1.14. WPP has a 52 week low of GBX 656 ($8.17) and a 52 week high of GBX 971.40 ($12.09). The firm has a 50 day simple moving average of GBX 739 and a two-hundred day simple moving average of GBX 733.75. The company has a debt-to-equity ratio of 179.40, a current ratio of 0.86 and a quick ratio of 0.89.

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.