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Shares of WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) were the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 109,643 shares, a decrease of 80.9% from the April 15th total of 573,474 shares, AnalystRatingsNetwork.com reports. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 91,206 shares, the days-to-cover ratio is currently 1.2 days.

WPPGY has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of WPP plc – American Depositary Shares each representing five in a research note on Friday, May 2nd. They now have a $114.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of WPP plc – American Depositary Shares each representing five from $121.00 to $123.00 in a research note on Monday, April 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $105.67.

WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) opened at 103.16 on Tuesday. WPP plc – American Depositary Shares each representing five has a 52 week low of $81.21 and a 52 week high of $115.40. The stock’s 50-day moving average is $105.1 and its 200-day moving average is $107.3. The company has a market cap of $27.303 billion and a price-to-earnings ratio of 17.56.

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide.

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