The stock of WPP PLC ORD 10P (LON:WPP) gapped up by GBX 21 today and has GBX 5255.78 target or 196.00% above today’s GBX 1775.60 share price. The 7 months technical chart setup indicates low risk for the GBX company. The gap was reported on Oct, 31 by Barchart.com. If the GBX 5255.78 price target is reached, the company will be worth GBX more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 3.96% or GBX 67.6 on October 31, hitting GBX 1775.6. About 7.36M shares traded hands or 105.01% up from the average. WPP PLC ORD 10P (LON:WPP) has risen 9.28% since April 1, 2016 and is uptrending. It has outperformed by 5.81% the S&P500.
WPP PLC ORD 10P (LON:WPP) Ratings Coverage
Out of 23 analysts covering WPP Group PLC (LON:WPP), 15 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 65% are positive. WPP Group PLC has been the topic of 157 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, January 13 by Investec. As per Thursday, August 25, the company rating was maintained by Kepler Cheuvreux. The stock has “Buy” rating given by Nomura on Friday, April 8. Barclays Capital maintained the stock with “Overweight” rating in Thursday, November 19 report. On Wednesday, September 14 the stock rating was maintained by Liberum Capital with “Hold”. The stock has “Overweight” rating given by JP Morgan on Tuesday, June 28. The rating was maintained by Deutsche Bank on Friday, June 3 with “Buy”. On Wednesday, December 2 the stock rating was maintained by Kepler Cheuvreux with “Buy”. Liberum Capital maintained WPP PLC ORD 10P (LON:WPP) rating on Tuesday, September 15. Liberum Capital has “Hold” rating and GBX 1525 price target. Deutsche Bank maintained the stock with “Buy” rating in Friday, November 20 report.
More important recent WPP PLC ORD 10P (LON:WPP) news were published by: Fool.Co.Uk which released: “How Lloyds Banking Group plc and WPP plc ord 10p can help you grow richer!” on June 21, 2016, also Fool.Co.Uk published article titled: “Is it too late to buy rapid risers ARM Holdings plc, WPP plc ord 10p and Hikma …”, Fool.Co.Uk published: “3 Growth Stocks: Unilever plc, ARM Holdings plc & WPP Plc Ord 10p” on January 25, 2016. More interesting news about WPP PLC ORD 10P (LON:WPP) was released by: Fool.Co.Uk and their article: “Why You Can’t Go Wrong With Booker Group Plc, Imperial Tobacco Group PLC, WPP …” with publication date: July 03, 2015.
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