Wpp Plc (WPP) PT Raised to GBX 2,050 at HSBC
Wpp Plc (LON:WPP) had its target price hoisted by research analysts at HSBC from GBX 1,900 ($23.51) to GBX 2,050 ($25.37) in a report released on Friday. The firm currently has a “hold” rating on the stock. HSBC’s target price suggests a potential upside of 12.89% from the stock’s previous close.
A number of other research analysts have also recently weighed in on WPP. JPMorgan Chase & Co. lifted their price objective on shares of Wpp Plc from GBX 1,880 ($23.27) to GBX 1,930 ($23.89) and gave the company an “overweight” rating in a report on Wednesday, June 29th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,800 ($22.28) price objective on shares of Wpp Plc in a report on Monday, July 18th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,800 ($22.28) price objective on shares of Wpp Plc in a report on Wednesday, September 14th. Shore Capital reaffirmed a “buy” rating on shares of Wpp Plc in a report on Thursday, August 25th. Finally, Kepler Capital Markets boosted their target price on shares of Wpp Plc from GBX 1,750 ($21.66) to GBX 1,950 ($24.13) and gave the stock a “buy” rating in a research note on Thursday, August 25th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,834.18 ($22.70).
Shares of Wpp Plc (LON:WPP) opened at 1828.00 on Friday. The stock’s market capitalization is GBX 23.47 billion. The company has a 50-day moving average of GBX 1,797.75 and a 200-day moving average of GBX 1,673.53. Wpp Plc has a 52-week low of GBX 1,204.00 and a 52-week high of GBX 1,875.00.
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The firm also recently announced a dividend, which will be paid on Monday, November 7th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 19.55 ($0.24) per share. This represents a yield of 1.1%. The ex-dividend date is Thursday, October 6th.
About Wpp Plc
WPP plc (WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications. Advertising and Media Investment Management, where it operates advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network.
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