Credit Suisse Reiterates “Outperform” Rating for Wpp Plc (WPP)
Wpp Plc (LON:WPP)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse in a report released on Wednesday. They currently have a GBX 1,600 ($26.55) price objective on the stock. Credit Suisse’s price objective points to a potential upside of 25.39% from the company’s current price.
A number of other firms have also recently commented on WPP. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Wpp Plc in a research note on Thursday, August 28th. They now have a GBX 1,600 ($26.55) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Wpp Plc in a research note on Wednesday, August 27th. They now have a GBX 1,530 ($25.39) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Wpp Plc in a research note on Wednesday, August 27th. They now have a GBX 1,500 ($24.89) price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,452.22 ($24.10).
Shares of Wpp Plc (LON:WPP) traded up 0.78% on Wednesday, hitting GBX 1286.00. The stock had a trading volume of 1,859,540 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 1222. and its 200-day moving average is GBX 1253.. The company’s market cap is £16.958 billion.
The company also recently declared a dividend, which is scheduled for Monday, November 10th. Investors of record on Thursday, October 9th will be given a dividend of GBX 11.62 ($0.19) per share. This represents a yield of 0.93%. The ex-dividend date of this dividend 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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