focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPP Share News (WPP)

Share Price Information for WPP (WPP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 848.00
Bid: 846.60
Ask: 847.00
Change: -7.00 (-0.82%)
Spread: 0.40 (0.047%)
Open: 852.60
High: 856.60
Low: 844.60
Prev. Close: 855.00
WPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Broker snap: Take profits at Euromoney, Westhouse recommends

Fri, 20th Dec 2013 10:57

Westhouse Securities has downgraded its rating for magazine publisher Euromoney Institutional Investor from 'neutral' to 'sell', saying that the stock's valuation is looking stretched.The broker explained that the share price has increased by 12% since it last updated its forecasts and increased its target price to 1,110p in the aftermath of last month's full-year results. This takes the year-to-date rise to over 50%.Analyst Roddy Davidson said that this reflected the "solid underlying progress" the company has made with annual revenues, profits and dividends ahead of expectations, while net debt fell to its lowest since 1997."So, all in all, an encouraging rather than spectacular update which prompted a marginal uplift in consensus (we left our forecasts unchanged) and when coupled with relatively modest medium-term growth prospects [...] did not suggest scope for a significant re-rating," he said."Against this backdrop we believe the group's current valuation [...] looks stretched relative to the growth prospects highlighted above and in the absence of imminent trading led upgrades."Davidson said that growth prospects could rise if Euromoney embarks on acquisitions, especially given its new $160m long-term debt facility."However, under current circumstances our peer group comparison/ target price of 1110p suggests its stock is trading 14% above fair value. On this basis, we believe better upside potential is available elsewhere in the sector (our preferred plays are currently WPP, BSkyB, UBM and Moneysupermarket.com)."Euromoney was trading down 1.28% at 1,308p by 11:13 on Friday.BC
More News
20 Sep 2023 09:34

LONDON BROKER RATINGS: SocGen cuts BAE; BoA resumes IHG with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
20 Sep 2023 07:55

LONDON BRIEFING: Stocks to rise, pound falls as UK inflation eases

(Alliance News) - Stocks in London are expected to open in the green on Wednesday, as a cooler-than-expected UK inflation print helped to calm nerves ahead of an interest rate decision from the US later, with the Bank of England to follow on Thursday.

Read more
18 Aug 2023 06:00

From Mad Men to machines? Big advertisers shift to AI

LONDON, Aug 18 (Reuters) - Some of the world's biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say.

Read more
8 Aug 2023 09:25

LONDON BROKER RATINGS: Deutsche Bank cuts WPP to 'hold' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
8 Aug 2023 07:58

LONDON BRIEFING: abrdn assets fall; Spirax-Sarco CEO steps down

(Alliance News) - Stocks in London are called to open lower on Tuesday, following news that Germany's yearly inflation rate eased in July, with investors now nervously awaiting readings from China and the US later this week.

Read more
7 Aug 2023 11:26

IN THE KNOW: Barclays sees turnaround for WPP in next two years

(Alliance News) - Barclays lowered its price target for WPP on Monday but left its 'overweight' rating unchanged, saying it viewed the company's annual guidance cut as a temporary "hiccup".

Read more
7 Aug 2023 11:17

Director dealings: WPP non-exec invests, IG board members exercise options and sell

(Sharecast News) - Advertising giant WPP was on the list of director buys on Monday, after a non-executive director picked up 4,000 shares.

Read more
7 Aug 2023 09:14

LONDON BROKER RATINGS: JPMorgan lifts Rolls-Royce; RBC cuts Unite

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
4 Aug 2023 17:26

Two measures of global corporate health flash red

LONDON, Aug 4 (Reuters) - Two measures of corporate and economic health were flashing red on Friday as shipping group Maersk reported a fall in global demand for sea containers and advertising giant WPP said clients in the U.S. tech sector were slashing their marketing spend.

Read more
4 Aug 2023 17:21

European stocks end higher but mark first weekly loss in four

STOXX 600 posts first weekly loss in four

*

Read more
4 Aug 2023 17:06

UK's FTSE 100 boosted by energy stocks but logs weekly decline

WPP slides after FY guidance cut

*

Read more
4 Aug 2023 16:49

LONDON MARKET CLOSE: Stocks end in the green after difficult week

(Alliance News) - Stocks in London ended on a positive note on Friday, following a tumultuous couple of days following a US credit rating cut and another interest rate hike from the Bank of England.

Read more
4 Aug 2023 12:04

LONDON MARKET MIDDAY: WPP shares slide; eyes on US nonfarms

(Alliance News) - Stock prices in London were mixed at midday Friday, though equity markets showed sighs of stability after a rocky week, ahead of a key US jobs report in the afternoon.

Read more
4 Aug 2023 11:36

Two measures of corporate health flash red

LONDON, Aug 4 (Reuters) - Two measures of corporate and economic health were flashing red on Friday as shipping group Maersk reported a fall in global demand for sea containers and advertising giant WPP said clients in the U.S. tech sector were slashing their marketing spend.

Read more
4 Aug 2023 08:52

LONDON MARKET OPEN: WPP lowers outlook; Capita swings to loss

(Alliance News) - The FTSE 100 inched slightly higher on Friday, as investors nervously look ahead to the US nonfarm payrolls report at 1330 BST.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.