How Analysts Feel About WPP plc (WPP) After Touching Yearly Low?

March 21, 2018 - By Michael Collier

The stock of WPP plc (NYSE:WPP) hit a new 52-week low and has $71.90 target or 8.00 % below today’s $78.15 share price. The 7 months bearish chart indicates high risk for the $19.58B company. The 1-year low was reported on Mar, 21 by If the $71.90 price target is reached, the company will be worth $1.57B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.65% or $2.13 during the last trading session, reaching $78.15. About 325,157 shares traded or 27.39% up from the average. WPP plc (NYSE:WPP) has 0.00% since March 21, 2017 and is . It has underperformed by 16.70% the S&P500.

WPP plc provides various communications services worldwide. The company has market cap of $19.58 billion. The firm operates through four divisions: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. It has a 7.86 P/E ratio. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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