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Morgan Stanley Sticks to Their Hold Rating for WPP (WPP)

Tipranks - Tipranks - Sat Jan 10, 2:40PM CST

In a report released today, Laura Metayer from Morgan Stanley maintained a Hold rating on WPP, with a price target of p365.00.

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Metayer covers the Communication Services sector, focusing on stocks such as WPP, S4 Capital Plc, and Publicis Groupe. According to TipRanks, Metayer has an average return of 8.1% and a 57.14% success rate on recommended stocks.

Currently, the analyst consensus on WPP is a Hold with an average price target of p371.43.

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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 16 insiders, corporate insider sentiment is neutral on the stock.

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