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Bank of America Securities Sticks to Its Sell Rating for WPP (WPP)

Tipranks - Tipranks - Sat Jan 31, 5:20AM CST

Bank of America Securities analyst Adrien Hilaire maintained a Sell rating on WPP yesterday and set a price target of p250.00.

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Hilaire covers the Communication Services sector, focusing on stocks such as Omnicom Group, WPP, and WPP. According to TipRanks, Hilaire has an average return of 4.9% and a 54.64% success rate on recommended stocks.

WPP has an analyst consensus of Moderate Sell, with a price target consensus of p349.29.

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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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