Wpp Plc Rating Reiterated by Societe Generale (WPP)
Wpp Plc (LON:WPP)‘s stock had its “buy” rating reissued by research analysts at Societe Generale in a report released on Wednesday. They currently have a GBX 1,530 ($25.32) target price on the stock. Societe Generale’s price objective would suggest a potential upside of 22.99% from the stock’s previous close.
Shares of Wpp Plc (LON:WPP) traded up 0.80% on Wednesday, hitting GBX 1254.00. The stock had a trading volume of 1,127,756 shares. Wpp Plc has a one year low of GBX 1162.00 and a one year high of GBX 1565.00. The stock has a 50-day moving average of GBX 1218. and a 200-day moving average of GBX 1255.. The company’s market cap is £16.594 billion.
The company also recently announced a dividend, which is scheduled for Monday, November 10th. Stockholders of record on Thursday, October 9th will be paid a dividend of GBX 11.62 ($0.19) per share. This represents a dividend yield of 0.93%. The ex-dividend date is Thursday, October 9th.
A number of other analysts have also recently weighed in on WPP. Analysts at Barclays reiterated an “overweight” rating on shares of Wpp Plc in a research note on Wednesday. They now have a GBX 1,500 ($24.82) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Wpp Plc in a research note on Tuesday. They now have a GBX 1,483 ($24.54) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Wpp Plc in a research note on Tuesday. They now have a GBX 1,420 ($23.50) price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,452.22 ($24.03).
WPP plc (LON:WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications.
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