WPP is a holding company. Through its subsidiaries, Co. is a communications services organization providing national and multinational clients a range of communications services. Co. is organized into four operating segments: Advertising and Media Investment Management; Data Investment Management; Public Relations and Public Affairs; and Branding and Identity, Healthcare and Specialist Communications. This last reportable segment includes WPP Digital and direct, digital, promotional & relationship marketing.
  • TickerWPP
  • ISINJE00B8KF9B49
  • ExchangeLondon Stock Exchange
  • SectorMedia
  • CountryJersey

Analysts

Jerôme Bodin

WPP : Feedback from Q1 conference call, the worst is now over but visibility remains poor

>Slow improvement in trend but persistently poor visibility - WPP held its conference call on Friday, 26 April following the publication of its Q1 2019 gross margin. We reiterate our Neutral recommendation following this event. 2019 got off to a tough start, with the full impact of the 2018 contract losses in the US (Ford and HSBC in particular). We expect -1.6% in organic terms in 2019, towards the top of the company's guidance range (-2/-1.5%) in view of a likely i...

Jerôme Bodin

WPP : Feedback conférence call T1, le plus dur est passé mais visibilité faible

>Amélioration lente de tendance mais visibilité toujours faible - WPP a tenu vendredi sa conférence téléphonique suite à la publication de sa MB du T1. Le début d’année est très difficile, avec le plein effet des pertes de contrats de 2018 aux Etats-Unis (Ford et HSBC notamment). Nous tablons sur -1,6% en organique en 2019, plutôt dans le haut de fourchette de la société (-2/-1,5%) au regard d’une probable amélioration dans plusieurs zones. La situation devrait logiqu...

Ali Mogharabi

WPP 1Q Results Indicate Progress Toward a Turnaround; Maintaining GBX 1,450 FVE; Shares Undervalued

WPP reported first-quarter net revenue in line with our internal estimate. While weakness remained in the U.S. market, there are indications of improvements including large account wins and no large account losses during the quarter. In addition, WPP reassured the Street that it is progressing toward selling a portion of Kantar, and reports surfacing April 26 support the firm’s statement. Management did not change its 2019 outlook, and we are maintaining our GBX 1,450 per share fair value estima...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/04/2019

...

Jerôme Bodin

WPP : Momentum to remain difficult over the next few months

>Organic growth in Q4 slightly higher than forecast but situation still challenging in the US - On Friday, WPP reported its full-year results and then held a conference call. The 2018 results were slightly higher than forecast. The organic contraction came to -0.7% in Q4 while our forecast was for -1.6%. As was the case during the rest of the year, there was an organic contraction in the US over the quarter (-5.7% in Q4 after -5.3% in Q3, -3.3% in Q2 and -2.4% in Q1)....

WPP Lowers Net Sales Guidance for 2017

    ISSUER COMMENT  CORPORATES   AUGUST 28, 2017    WPP Lowers Net Sales Guidance for 2017  From  Credit Outlook   Last Wednesday,  WPP Plc  (Baa2 stable) reported first-half 2017 results that were weaker than the  company had expected. Rep

Jerôme Bodin

WPP : Feedback from Q1 conference call, the worst is now over but visibility remains poor

>Slow improvement in trend but persistently poor visibility - WPP held its conference call on Friday, 26 April following the publication of its Q1 2019 gross margin. We reiterate our Neutral recommendation following this event. 2019 got off to a tough start, with the full impact of the 2018 contract losses in the US (Ford and HSBC in particular). We expect -1.6% in organic terms in 2019, towards the top of the company's guidance range (-2/-1.5%) in view of a likely i...

Jerôme Bodin

WPP : Feedback conférence call T1, le plus dur est passé mais visibilité faible

>Amélioration lente de tendance mais visibilité toujours faible - WPP a tenu vendredi sa conférence téléphonique suite à la publication de sa MB du T1. Le début d’année est très difficile, avec le plein effet des pertes de contrats de 2018 aux Etats-Unis (Ford et HSBC notamment). Nous tablons sur -1,6% en organique en 2019, plutôt dans le haut de fourchette de la société (-2/-1,5%) au regard d’une probable amélioration dans plusieurs zones. La situation devrait logiqu...

Ali Mogharabi

WPP 1Q Results Indicate Progress Toward a Turnaround; Maintaining GBX 1,450 FVE; Shares Undervalued

WPP reported first-quarter net revenue in line with our internal estimate. While weakness remained in the U.S. market, there are indications of improvements including large account wins and no large account losses during the quarter. In addition, WPP reassured the Street that it is progressing toward selling a portion of Kantar, and reports surfacing April 26 support the firm’s statement. Management did not change its 2019 outlook, and we are maintaining our GBX 1,450 per share fair value estima...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/04/2019

...

Jerôme Bodin

WPP : Momentum to remain difficult over the next few months

>Organic growth in Q4 slightly higher than forecast but situation still challenging in the US - On Friday, WPP reported its full-year results and then held a conference call. The 2018 results were slightly higher than forecast. The organic contraction came to -0.7% in Q4 while our forecast was for -1.6%. As was the case during the rest of the year, there was an organic contraction in the US over the quarter (-5.7% in Q4 after -5.3% in Q3, -3.3% in Q2 and -2.4% in Q1)....

Alfred Glaser ...
  • Charles Lepetitpas
  • Delphine Brault
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Nicolas David
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/12/2018

Va-t-on assister à la dégradation des thématiques « actuarielles » via un repricing lié à la hausse des taux et donc à une rotation value, ou bien au retour d'une conjoncture médiocre menant à une nième phase de domination de la croissance en 2019 ? L’équation européenne est particulièrement compliquée. Alors que le scénario macroéconomique plaide, dans un contexte de normalisation monétaire, pour une hausse des taux (et donc une exposition value), la réalité, pour le moment médiocre ...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/26/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/10/2018

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2018

With 2018e FCF (£ 450m +/- £ 100m before restructuring costs) expected to reflect a significant upturn from the low point of 2016 (£ 100m), the group’s medium-term target FCF of £ 1.8bn appears realistic. On this basis, we value the group at 1,120p per share and we are upgrading our recommendation from Neutral to Buy. Cf report published yesterday night. - ...

Alex Koagne ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/09/2018

Les risques évoqués sont tous au rendez-vous. Leur évolution ne recèle pas de surprises désagréables. Au contraire, le budget italien pourrait être conforme aux règles européennes, et un accord sur le Brexit semble à portée de main. Ceci milite pour la réalisation d’une courte rotation favorable aux cycliques dont la durée sera conditionnée par 1/ la crédibilité que le marché apportera au maintien d’une croissance macro supérieure à son potentiel (scénario central Oddo BHF : 1.8% en 2...

Ng Adrian

WPP Group

Ng Adrian

WPP Group

Ng Adrian

WPP Group

Ng Adrian

WPP Group

Ng Adrian

WPP Group

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WPP PLC – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Analyse court terme - WPP LN : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 834,47 p, puis 758,60 p. Le franchissement de 1 021,79 p remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - WPP LN : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at 834.47 p, then 758.60 p. Passing 1,021.79 p would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - WPP LN : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 834,47 p, puis 758,60 p. Le franchissement de 1 021,79 p remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - WPP LN : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at 834.47 p, then 758.60 p. Passing 1,021.79 p would question the continuation of the fall.

Jérôme VINERIER

Analyse moyen terme - WPP LN : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 831,41 p, puis 621,43 p. Le franchissement de 1 297,50 p remettrait en cause la suite de la baisse.

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