Wpp Plc Stock Rating Reaffirmed by Barclays (WPP)
Wpp Plc (LON:WPP)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Wednesday. They currently have a GBX 1,500 ($24.82) price objective on the stock. Barclays’ target price would indicate a potential upside of 20.58% from the company’s current price.
Shares of Wpp Plc (LON:WPP) traded up 1.13% during mid-day trading on Wednesday, hitting GBX 1258.00. 2,108,201 shares of the company’s stock traded hands. Wpp Plc has a 1-year low of GBX 1162.00 and a 1-year high of GBX 1565.00. The stock’s 50-day moving average is GBX 1218. and its 200-day moving average is GBX 1255.. The company’s market cap is £16.647 billion.
The company also recently announced a dividend, which is scheduled for Monday, November 10th. Shareholders 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.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Wpp Plc in a research note on Tuesday. They now have a GBX 1,280 ($21.18) price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price 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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