Pivotal Research Reiterates “Hold” Rating for WPP PLC (WPPGY)
WPP PLC (NASDAQ:WPPGY)‘s stock had its “hold” rating restated by research analysts at Pivotal Research in a report released on Tuesday.
WPPGY has been the topic of several other reports. Zacks Investment Research lowered WPP PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Jefferies Group lowered WPP PLC from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $133.00.
WPP PLC (NASDAQ:WPPGY) opened at 110.03 on Tuesday. The company has a 50 day moving average price of $116.13 and a 200 day moving average price of $114.13. The firm has a market capitalization of $28.26 billion, a price-to-earnings ratio of 26.87 and a beta of 1.32. WPP PLC has a 12 month low of $95.67 and a 12 month high of $121.55.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/pivotal-research-reiterates-hold-rating-for-wpp-plc-wppgy.html
A number of institutional investors have recently bought and sold shares of the stock. MSI Financial Services Inc increased its position in WPP PLC by 17.5% in the third quarter. MSI Financial Services Inc now owns 859 shares of the company’s stock valued at $101,000 after buying an additional 128 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in WPP PLC during the third quarter valued at approximately $240,000. Rathbone Brothers plc increased its position in WPP PLC by 8.3% in the second quarter. Rathbone Brothers plc now owns 3,245 shares of the company’s stock valued at $339,000 after buying an additional 250 shares in the last quarter. Creative Planning increased its position in WPP PLC by 5.4% in the third quarter. Creative Planning now owns 8,297 shares of the company’s stock valued at $977,000 after buying an additional 426 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in WPP PLC by 0.7% in the first quarter. Geode Capital Management LLC now owns 11,295 shares of the company’s stock valued at $1,315,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 4.82% of the company’s stock.
About WPP PLC
WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.
Receive News & Ratings for WPP PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP PLC and related companies with MarketBeat.com's FREE daily email newsletter.