Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video 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: 832.60
Bid: 940.80
Ask: 782.60
Change: -2.60 (-0.31%)
Spread: -158.20 (-16.815%)
Open: 834.40
High: 839.40
Low: 832.00
Prev. Close: 835.20
WPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Liberum expects weak performance from WPP, lowers target price

Thu, 28th Feb 2019 12:40

(Sharecast News) - Analysts at Liberum took a fresh look at WPP ahead of the advertising and public relations outfit's full-year results on Friday, reiterating their 'buy' rating on its stock as it noted that the group's most pressing concerns appeared to already be priced in.Liberum expects a "cautious message" from WPP on 2019, with a 0.5% dip in organic net sales for financial year 2018 alongside a 90 basis point drop in operating margins. However, with WPP shares at 8.1x adjusted FY19E, hence offering a guaranteed 7% dividend yield, and with the company having reset expectations at its Capital Markets Day back in December, the broker thinks all this "should be priced into the shares".The broker, which did lower its target price on WPP to 1,290p from 1,375p, expects a "slow climb back" for the FTSE 100 constituent and thinks it will offer a re-run of the RELX recovery story, where the company gradually clawed its way back to market approval."We have made the point before that WPP has the look of a re-run of what happened with RELX a decade ago when the latter suffered a massive de-rating as secular fears combined with profit warnings and a rapid change of management derailed the stock, with the company falling into the high single-digit PE level as investors fled the name," said Liberum."We would see WPP as the makings of a similar story. For those investors prepared to wait, at c. 8.1x consensus FY19E Adjusted PE and a circa 7% yield, this has the makings of an attractive long-term story."Liberum also expects WPP to be the "weakest performer in 2018" of the major agency groups.
More News
22 Mar 2023 11:56

LONDON MARKET MIDDAY: Stocks lower, pound up as rate decisions loom

(Alliance News) - Stock prices in London were largely lower at midday on Wednesday, as in-coming interest rate decisions from the US Federal Reserve and the Bank of England weighed on investors' minds.

Read more
22 Mar 2023 09:17

WPP buys London-based influencer marketing agency Goat for GroupM

(Alliance News) - WPP PLC on Wednesday announced the acquisition of influencer marketing agency Goat for an undisclosed price.

Read more
22 Mar 2023 08:49

LONDON MARKET OPEN: Stocks red as UK inflation stays in double-digits

(Alliance News) - Stock prices in London opened lower on Wednesday, but the pound was on the rise, after inflation in the UK came in hotter than expected in February, remaining in double-digits.

Read more
22 Mar 2023 07:55

LONDON BRIEFING: UK inflation surprises with rise to 10.4% in February

(Alliance News) - Stocks in London are set to open slightly lower on Wednesday, after UK inflation came in hotter than expected in February.

Read more
22 Mar 2023 07:01

WPP buys Goat marketing agency

(Sharecast News) - WPP on Wednesday said it had bought influencer marketing agency Goat for an undisclosed sum.

Read more
17 Mar 2023 20:53

TRADING UPDATES: Petra Diamonds sells more diamonds amid price growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday, Augmentum Fintech and Tap Global on Monday, and not separately reported by Alliance News:

Read more
7 Mar 2023 09:58

WPP acquires German healthcare communications group 3K

(Alliance News) - WPP PLC on Tuesday said it has acquired German healthcare specialist PR agency, 3K Agentur fur Kommunikation.

Read more
7 Mar 2023 08:00

WPP buys German health PR specialist

(Sharecast News) - WPP said it had bought German public relations agency 3K Agentur für Kommunikation (3K) for an undisclosed sum.

Read more
24 Feb 2023 09:37

LONDON BROKER RATINGS: SocGen cuts Burberry; BofA cuts WH Smith

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

Read more
23 Feb 2023 17:22

Upbeat corporate guidances lift European shares, Nvidia forecast boosts chip stocks

UK healthcare giants fall on ex-dividend trades

*

Read more
23 Feb 2023 17:00

LONDON MARKET CLOSE: FTSE 100 struggles, but European peers rise

(Alliance News) - Stock prices in London closed mixed on Thursday, with blue-chips ending in the red on renewed concerns of higher rates in the US, as well as a host of stocks going ex-dividend.

Read more
23 Feb 2023 13:52

AI could be the 'new gold' and Nvidia the largest 'miner'

STOXX 600 up 0.2%

*

Read more
23 Feb 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms as rate worries weigh

(Alliance News) - Stock prices in London were largely higher at midday on Thursday, though the FTSE 100 was in the red as the more globally-focused index lamented interest rates in the US will likely keep pushing higher.

Read more
23 Feb 2023 11:56

Sell side sees 2-19% upside for top euro zone banks

STOXX 600 up 0.18%

*

Read more
23 Feb 2023 11:35

U.S. housing market flashes red recession signals

STOXX 600 up 0.1%

*

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.