WPP (WPP.L) 28-02-20
WPP (WPP.L) has fallen dramatically from recent highs of 1077.5p. Will it continue, or is this an opportunity to pick up a bargain?
- Now trading at 744.2p (at time of writing). A return to previous highs would represent a rise of 44%.
- This stock is one of the most significant fallers in the period.
- Is the trend your friend, or is a bounce imminent?
- The market often over-reacts to bad news. Investors should consider whether it is down for good reason, or is this another over-reaction?
- Investors seeking a bargain should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
- Shares -30% from 12-month highs; +0% from 12 month lows.
- Latest News
09:20: UBS reiterates its buy rating on WPP Group (WPP) and reduced the target price to 1135p (from 1175p).
27 Feb: Goldman Sachs reiterates its neutral rating on WPP Group (WPP) and reduced the target price to 1045p (from 1160p).
27 Feb: WPP, the advertising group, announced that profit had fallen sharply by 22% in 2019 to £982m, whilst sales fell 1% on a like-for-like basis. Revenue for the full year in 2019 rose 1.4% to £13.23bn.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires