Barclays Keeps Their Sell Rating on WPP (WPP)
Barclays analyst Julien Roch maintained a Sell rating on WPP today and set a price target of £2.50.
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Roch covers the Communication Services sector, focusing on stocks such as Omnicom Group, Universal Music Group, and Vivendi. According to TipRanks, Roch has an average return of 0.2% and a 42.59% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for WPP with a p310.00 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 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WPP in relation to earlier this year.
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