WPP (WPP.L) 11-02-20
Will the WPP (WPP.L) share price break beneath the 956p support zone, or will we see a return to highs of 1077p (+11%)?
- Currently trading close to the key 956p support at 965.4p (at time of writing).
- The support has proven reliable until now. Will the price rebound again?
- As always, traders should be mindful of stop-loss placement.
- Will the shares bounce again to recent highs at 1077p? (+11%).
- Shares -10% from 12-month highs; +20% from 12 month lows.
Latest News
20 Jan: Goldman Sachs has downgraded its rating on WPP Group (WPP) to neutral (from buy).
16 Jan: UBS reiterates its buy rating on WPP Group (WPP) and increased the target price to 1175p (from 1125p).
15 Jan: Bank of America Merrill Lynch has downgraded its rating on WPP Group (WPP) to underperform (from neutral) and reduced the target price to 900p (from 1030p).
14 Jan: JP Morgan Cazenove reiterates its overweight rating on WPP Group (WPP) and increased the target price to 1150p (from 1100p).
11 Dec: JP Morgan Cazenove reiterates its overweight rating on WPP Group (WPP) and reduced the target price to 1100p (from 1125p).
27 Nov: BMO Capital Markets reiterates its market perform rating on WPP Group (WPP) and increased the target price to 1100p (from 1000p).
19 Nov: Mark Read, Chief Executive Officer, has transferred in 10,272 shares within the firm on the 15th November 2019. This Director currently has 201,627 shares.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires