Bank of America Securities Keeps Their Sell Rating on WPP (WPP)
In a report released today, Adrien Hilaire from Bank of America Securities maintained a Sell rating on WPP, with a price target of p250.00.
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According to TipRanks, Hilaire is a 3-star analyst with an average return of 6.4% and a 56.38% success rate. Hilaire covers the Communication Services sector, focusing on stocks such as WPP, Omnicom Group, and WPP.
The word on The Street in general, suggests a Hold analyst consensus rating for WPP with a p376.88 average price target.
Based on WPP’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p6.66 billion and a net profit of p44 million. In comparison, last year the company earned a revenue of p7.23 billion and had a net profit of p205 million
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WPP in relation to earlier this year.
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