Wpp Plc (WPP) PT Raised to GBX 2,050
Wpp Plc (LON:WPP) had its target price upped by equities researchers at HSBC from GBX 1,900 ($23.51) to GBX 2,050 ($25.37) in a research note issued to investors 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 company’s previous close.
Several other equities research analysts have also recently issued reports on the company. Jefferies Group cut Wpp Plc to a “hold” rating and lowered their price objective for the stock from GBX 1,850 ($22.90) to GBX 1,820 ($22.52) in a report on Monday, September 26th. JPMorgan Chase & Co. lifted their price objective on Wpp Plc from GBX 1,880 ($23.27) to GBX 1,930 ($23.89) and gave the stock an “overweight” rating in a report on Thursday, June 23rd. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 1,970 ($24.38) price objective on shares of Wpp Plc in a report on Thursday, August 25th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,800 ($22.28) price objective on shares of Wpp Plc in a report on Friday, July 29th. Finally, Societe Generale upgraded Wpp Plc to a “buy” rating and lowered their price objective for the stock from GBX 2,050 ($25.37) to GBX 1,975 ($24.44) in a report on Wednesday, July 13th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,834.18 ($22.70).
Shares of Wpp Plc (LON:WPP) opened at 1827.00 on Friday. The stock has a 50 day moving average price of GBX 1,797.75 and a 200 day moving average price of GBX 1,673.53. Wpp Plc has a one year low of GBX 1,204.00 and a one year high of GBX 1,875.00. The stock’s market capitalization is GBX 23.46 billion.
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The company also recently announced a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, October 6th will be given a GBX 19.55 ($0.24) dividend. This represents a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 6th.
Wpp Plc Company Profile
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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