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Home / Support and Resistance / WPP (WPP.L) 30-01-20

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

WPP (WPP.L) 30-01-20

Will WPP (WPP.L) break below the 969p support, or bounce to highs at 1077p (+11%)?

 

  • Currently trading around the 969p support at 967.2p (at time of writing).
  • Will the shares rally to recent highs of 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

 

Click to enlarge

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