Wpp Plc Receives Outperform Rating from Sanford C. Bernstein (WPP)
Wpp Plc (LON:WPP)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a research report issued on Thursday. They currently have a GBX 1,600 ($26.48) target price on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 27.19% from the company’s current price.
A number of other firms have also recently commented on WPP. Analysts at Societe Generale reiterated a “buy” rating on shares of Wpp Plc in a research note on Wednesday. They now have a GBX 1,530 ($25.32) price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 1,452.22 ($24.03).
Shares of Wpp Plc (LON:WPP) traded up 0.56% on Thursday, hitting GBX 1265.00. The stock had a trading volume of 2,967,914 shares. Wpp Plc has a 52-week low of GBX 1162.00 and a 52-week high of GBX 1565.00. The stock’s 50-day moving average is GBX 1218.31 and its 200-day moving average is GBX 1255.. The company’s market cap is £16.682 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.
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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