Bank of America Securities Sticks to Their Sell Rating for WPP (WPP)
Bank of America Securities analyst Adrien Hilaire reiterated a Sell rating on WPP on March 3 and set a price target of p250.00.
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According to TipRanks, Hilaire is a 4-star analyst with an average return of 7.0% and a 56.44% success rate.
In addition to Bank of America Securities, WPP also received a Sell from Barclays’s Julien Roch in a report issued on February 24. However, on March 3, TipRanks – OpenAI reiterated a Hold rating on WPP (LSE: WPP).
Based on WPP’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p6.89 billion and a GAAP net loss of p259 million. In comparison, last year the company earned a revenue of p7.51 billion and had a net profit of p337 million
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WPP in relation to earlier this year.
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