WPP Stock Recent News

JPMorgan analyst Daniel Kerven lowered the firm's price target on WPP to 960 GBp from 1,040 GBp and keeps a Neutral rating on the shares.

WPP PLC (LSE:WPP)'s recent rebound has failed to shift sentiment at UBS, which doubled down on a ‘sell' rating for the advertising firm on poor prospects ahead. Though UBS upped WPP's share price target from 680p to 720p, the bank suggested a resurgence in its share price since the summer was unlikely to last.

Shore Capital Markets has reiterated its buy rating on WPP PLC (LSE:WPP) ahead of the advertising giant's upcoming third-quarter trading update on 23 October. Analysts suggested that investors will be looking for reassurance following WPP's interim results, which saw the company reduce its full-year revenue guidance from flat to slightly less than flat.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

WPP plc stock is undervalued compared to peers, despite challenges leading to downgraded growth from high APAC exposure. The company's cost savings plan is coming in nicely apparently and could continue lifting figures a little bit to fight topline pressures which may be a bit protracted. The partial sale of FGS Global to KKR puts a high value on the PR business, which puts a low value on its residual advertising businesses compared to peers.

Citi has given WPP PLC (LSE:WPP) some marginal downgrades due to foreign exchange headwinds and the FGS disposal, but the advertising big cap's risk/reward profile still “tilts positively”, said analysts. Although macroeconomic concerns (i.e.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

WPP plc (NYSE:WPP ) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Mark Read - CEO Joanne Wilson - CFO Tom Waldron - Head, IR Conference Call Participants Laura Metayer - Morgan Stanley Adam Berlin - UBS Julien Roch - Barclays Adrien de Saint Hilaire - Bank of America Joseph Thomas - HSBC Steve Liechti - Deutsche Numis Thomas Singlehurst - Citi Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the WPP 2024 Interim Results Conference Call and Webcast.

Advertising giant WPP PLC (LSE:WPP) fetched a good price in its $1.7 billion disposal of strategic communications and advisory firm FGS Global, reckon Citi analyst. The price tag came comfortably above FGS's implied $1.4 billion valuation when WPP sold a partial stake to KKR in April 2023.

Global advertising giant WPP PLC (LSE:WPP)'s mediocre interim results came as little surprise to City analysts on Wednesday. Year on year revenues barely budged amid contracting marketing spend from WPP's blue-chip client base and while operating profit improved 38%, this came at the expense of considerable workforce layoffs.