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Barclays Sticks to Its Sell Rating for WPP (WPP)

Tipranks - Tipranks - Tue Feb 3, 9:38AM CST

Barclays analyst Julien Roch maintained a Sell rating on WPP today and set a price target of £2.50.

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According to TipRanks, Roch is a 2-star analyst with an average return of 0.3% and a 43.40% success rate. Roch covers the Communication Services sector, focusing on stocks such as ITV plc, Vivendi, and S4 Capital Plc.

In a report released on January 29, Bank of America Securities also maintained a Sell rating on the stock with a p250.00 price target.

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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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