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Kepler Capital Keeps Their Hold Rating on WPP (WPP)

Tipranks - Tipranks - Sat Feb 28, 8:04PM CST

Kepler Capital analyst Conor O’Shea maintained a Hold rating on WPP on February 26 and set a price target of p320.00. The company’s shares closed yesterday at p283.90.

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O’Shea covers the Communication Services sector, focusing on stocks such as Canal+, Informa, and Metropole Television. According to TipRanks, O’Shea has an average return of 5.7% and a 52.76% success rate on recommended stocks.

In addition to Kepler Capital , WPP also received a Hold from Barclays’s Julien Roch in a report issued yesterday. However, on February 26, 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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