WPP PLC (NASDAQ:WPPGY) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $130.00.

WPPGY has been the subject of several research analyst reports. Wedbush reduced their price objective on shares of WPP PLC from $138.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, March 6th. Zacks Investment Research raised shares of WPP PLC from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Thursday, May 4th. BidaskClub downgraded shares of WPP PLC from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine downgraded shares of WPP PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of WPP PLC in a report on Wednesday, April 12th.

Shares of WPP PLC (NASDAQ:WPPGY) opened at 105.60 on Friday. The stock has a 50 day moving average of $109.54 and a 200 day moving average of $110.62. The firm has a market cap of $26.76 billion, a PE ratio of 15.44 and a beta of 1.19. WPP PLC has a 1-year low of $96.94 and a 1-year high of $121.55.

A number of large investors have recently modified their holdings of WPPGY. William Blair Investment Management LLC increased its stake in shares of WPP PLC by 1.2% in the fourth quarter. William Blair Investment Management LLC now owns 27,580 shares of the business services provider’s stock worth $3,052,000 after buying an additional 315 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in shares of WPP PLC by 19.0% in the fourth quarter. First Allied Advisory Services Inc. now owns 2,329 shares of the business services provider’s stock worth $258,000 after buying an additional 372 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of WPP PLC by 11.6% in the first quarter. Geode Capital Management LLC now owns 12,846 shares of the business services provider’s stock worth $1,405,000 after buying an additional 1,332 shares during the last quarter. Comerica Bank increased its stake in shares of WPP PLC by 11.4% in the fourth quarter. Comerica Bank now owns 19,567 shares of the business services provider’s stock worth $2,242,000 after buying an additional 1,997 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of WPP PLC during the fourth quarter worth $234,000. 3.97% of the stock is owned by institutional investors.

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WPP PLC Company Profile

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.

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