WPP (WPP)

Sector:

Media

Index:

FTSE 100

807.00p
   
  • Change Today:
      10.60p
  • 52 Week High: 927.20
  • 52 Week Low: 681.20
  • Currency: UK Pounds
  • Shares Issued: 1,078.55m
  • Volume: 315,172
  • Market Cap: £8,704m
  • RiskGrade: 162

Goldman Sachs downgrades WPP to 'neutral'

By Michele Maatouk

Date: Monday 11 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Goldman Sachs downgraded advertising giant WPP on Monday to 'neutral' from 'buy' as it took a look at internet and media stocks.
The bank cut its 2022/23 earnings per share estimates by 7% on average for its coverage, reflecting its economists' lower macro forecasts, strategists' views on a stagflationary environment, the latest company data points and FX changes.

"We also run a downside scenario based on global GDP 3pp below our economists' current forecasts, which implies an 11% further cut to our 2022E EPS on average," GS said.

"In a stagflationary environment, we view Pearson, Relx and UMG as the most attractive buy rated stocks in our sector. We also upgrade Adevinta and Schibsted to buy and downgrade Pro7, RTL and WPP to neutral, and Stroeer to sell."

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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 807.00p
Change Today 10.60p
% Change 1.33 %
52 Week High 927.20
52 Week Low 681.20
Volume 315,172
Shares Issued 1,078.55m
Market Cap £8,704m
RiskGrade 162

WPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.29% above the market average74.29% above the market average74.29% above the market average74.29% above the market average74.29% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
5.22% below the market average5.22% below the market average5.22% below the market average5.22% below the market average5.22% below the market average
6.38% above the sector average6.38% above the sector average6.38% above the sector average6.38% above the sector average6.38% above the sector average
Income
23.40% above the market average23.40% above the market average23.40% above the market average23.40% above the market average23.40% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
94.76% below the market average94.76% below the market average94.76% below the market average94.76% below the market average94.76% below the market average
90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 8
Sell 2
Strong Sell 2
Total 18
neutral
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 06-Jun-24 12-Oct-23
Paid 05-Jul-24 03-Nov-23
Amount 24.40p 15.00p

Trades for 26-Apr-2024

Time Volume / Share Price
11:48 19 @ 807.00p
11:44 412 @ 806.60p
11:41 412 @ 806.80p
11:41 103 @ 806.80p
11:41 412 @ 807.20p

WPP Key Personnel

CEO Mark Read
CFO Joanne Wilson

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