WPP Plc. ADR (WPP) stock forecast: Can it reach its 52-week high of $60.37

A share price of WPP Plc. ADR [WPP] is currently trading at $48.39, up 1.81%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WPP shares have gain 4.67% over the last week, with a monthly amount glided 5.42%, and seem to be holding up well over a long-time horizon.

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On 22, March 2024, VML and Definitive Healthcare announce partnership to transform key opinion leader management. In a post published today on Yahoo Finance, Partnership offers solution to streamline engagement between pharmaceutical companies and KOLs to help increase the value of the clinical collaborations and conversations.

From an analyst’s perspective:

WPP Plc. ADR [NYSE: WPP] stock has seen the most recent analyst activity on January 11, 2024, when UBS downgraded its rating to a Sell. Previously, JP Morgan downgraded its rating to Neutral on December 13, 2023. Goldman downgraded its rating to a Neutral. Exane BNP Paribas downgraded its rating to a Neutral. Deutsche Bank downgraded its rating to Hold for this stock on August 08, 2023. In a note dated February 22, 2023, Credit Suisse upgraded an Outperform rating on this stock.

WPP Plc. ADR experienced fluctuations in its stock price throughout the past year between $41.13 and $60.37. WPP Plc. ADR [NYSE: WPP] shares were valued at $48.39 at the most recent close of the market.

Analyzing the WPP fundamentals

Trailing Twelve Months sales for WPP Plc. ADR [NYSE:WPP] were 18.46B which represents 6.01% growth. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.17 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.49.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.68 points at the first support level, and at 46.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.76, and for the 2nd resistance point, it is at 49.12.

Ratios To Look Out For

To put it in perspective, the Current Ratio for WPP Plc. ADR [NYSE:WPP] is 0.86. In addition, the Quick Ratio stands at 0.86 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 2.42 and price to earnings (TTM) ratio is 77.57.

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