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Citi Remains a Hold on WPP (WPP)

Tipranks - Tipranks - Sat Feb 28, 3:49AM CST

In a report released today, Ciaran Donnelly from Citi maintained a Hold rating on WPP, with a price target of £3.10.

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According to TipRanks, Donnelly is an analyst with an average return of -18.3% and a 23.64% success rate. Donnelly covers the Communication Services sector, focusing on stocks such as WPP, Publicis Groupe, and Informa.

In addition to Citi, WPP also received a Hold from Barclays’s Julien Roch in a report issued today. However, yesterday, Bank of America Securities maintained a Sell rating on WPP (LSE: WPP).

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

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