WPP plc (NYSE: WPP) is -30.62% lower on its value in year-to-date trading and has touched a low of $45.01 and a high of $83.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WPP stock was last observed hovering at around $52.22 in the last trading session, with the day’s gains setting it 0.2% off its average median price target of $68.35 for the next 12 months. It is also 42.38% off the consensus price target high of $90.97 offered by 21 analysts, but current levels are -35.0% lower than the price target low of $38.83 for the same period.
Currently trading at $52.42, the stock is 7.18% and -1.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.38% at the moment leaves the stock -21.42% off its SMA200. WPP registered -20.10% loss for a year compared to 6-month loss of -34.24%. The firm has a 50-day simple moving average (SMA 50) of $1.17 and a 200-day simple moving average (SMA200) of $8.42.
The stock witnessed a 8.64% gain in the last 1 month and extending the period to 3 months gives it a -18.80%, and is 8.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.55% over the week and 1.88% over the month.
WPP plc (WPP) has around 109382 employees, a market worth around $11.41B and $15.35B in sales. Current P/E ratio is 16.67. Distance from 52-week low is 16.46% and -37.37% from its 52-week high. The company has generated returns on investments over the last 12 months (9.00%).
WPP plc (WPP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for WPP plc (WPP) is a “Overweight”. 21 analysts offering their recommendations for the stock have an average rating of 3.00, where 9 rate it as a Hold and 3 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
WPP plc is expected to release its quarterly report on 10/28/2022.The EPS is expected to grow by 121.60% this year.
WPP plc (WPP) Top Institutional Holders
The shares outstanding are 235.26M, and float is at 216.11M with Short Float at 0.07%.
WPP plc (WPP): Who are the competitors?
The company’s main competitors (and peers) include The Interpublic Group of Companies Inc. (IPG) that is -16.63% lower over the past 12 months.