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Home / Stocks and Markets at Lows / WPP (WPP.L) 18-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

WPP (WPP.L) 18-10-19

Shares in WPP (WPP.L) have dropped from recent highs of 1038.0p. Are further falls imminent, or will investors benefit from this low price?

 

  • A return to previous highs would represent a rise of 12%. Now trading at 920.8p (at time of writing).
  • This stock is one of the most significant fallers in the period.
  • Is the fall justified? Is a bounce due?
  • The market has been known to over-react to negative news. Traders may wish to consider whether the fall is reasonable, or is the recent fall an over-reaction?
  • Contrarian traders should be mindful of fundamentals and events, which can influence price. Check our website for updates.
  • Shares -12% from 12-month highs; +15% from 12 month lows.

Latest News

01 Oct:  WPP, the advertising firm,  said it had appointed John Rogers as CFO.  Rogers was previously in charge of Sainsbury’s Argos general merchandise business.

19 Sep:  WPP, the advertising firm,  has appointed Keith Weed as a non-Executive Director, to be effective from 1 November 2019.

12 Aug:  JP Morgan Cazenove reiterates its overweight rating on WPP Group (WPP) and increased the target price to 1125p (from 1100p).

12 Aug:  Deutsche Bank reiterates its buy rating on WPP Group (WPP) and increased the target price to 1090p (from 1070p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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