WPP (WPP)

Sector:

Media

Index:

FTSE 100

926.40p
   
  • Change Today:
      7.20p
  • 52 Week High: 1,224.00
  • 52 Week Low: 875.60
  • Currency: UK Pounds
  • Shares Issued: 1,162.56m
  • Volume: 1,951,583
  • Market Cap: £10,770m
  • RiskGrade: 162

Berenberg raises target price on WPP

By Iain Gilbert

Date: Friday 29 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on media outfit WPP from 980.0p to 1,030.0p on Friday after third-quarter growth came in higher than consensus.
Berenberg stated that while "strong results" posted by rivals Publicis and IPG had led to "a whisper number" for WPP's growth that was higher than the 9.8% anticipated by analysts, the 15.7% that the firm ultimately published was "clearly better than expected".

Although Berenberg, which reiterated its 'hold' rating on the stock, acknowledged that figure included a one-off that it estimates added around 130 basis points to the result, the analysts said even excluding this boost it was a strong result.

"On a two-year stack (versus Q3 2019) growth was 6.9%, which compares to a two-year increase of 5.0% for Publicis, 10.8% for IPG and -1.5% for Omnicom," noted Berenberg.

The German bank added that the valuation gap was still wide, pointing out that for those investors that can "get comfortable" with the medium- to long-term sustainability of growth for the agencies, both WPP and Publicis were "cheap".

"However, we think it will take several more quarters of decent growth to persuade the doubters. In the meantime, Publicis, which has given back the gains it initially made with its own strong results, remains far cheaper than WPP, which is why we maintain our preference for the French group," concluded Berenberg.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WPP Market Data

Currency UK Pounds
Share Price 926.40p
Change Today 7.20p
% Change 0.78 %
52 Week High 1,224.00
52 Week Low 875.60
Volume 1,951,583
Shares Issued 1,162.56m
Market Cap £10,770m
RiskGrade 162

WPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.57% above the market average34.57% above the market average34.57% above the market average34.57% above the market average34.57% above the market average
56.52% above the sector average56.52% above the sector average56.52% above the sector average56.52% above the sector average56.52% above the sector average
Price Trend
20.50% above the market average20.50% above the market average20.50% above the market average20.50% above the market average20.50% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income
46.39% above the market average46.39% above the market average46.39% above the market average46.39% above the market average46.39% above the market average
47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average
Growth
45.45% below the market average45.45% below the market average45.45% below the market average45.45% below the market average45.45% below the market average
58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average

What The Brokers Say

Strong Buy 9
Buy 3
Neutral 10
Sell 1
Strong Sell 0
Total 23
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WPP Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jun-22 14-Oct-21
Paid 08-Jul-22 01-Nov-21
Amount 18.70p 12.50p

Trades for 27-May-2022

Time Volume / Share Price
16:35 722,286 @ 926.40p
16:29 424 @ 925.40p
16:29 92 @ 925.40p
16:29 89 @ 925.40p
16:29 73 @ 925.60p

WPP Key Personnel

CEO Mark Read
CFO John Rogers

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