Wpp Plc (WPP) Receives Consensus Rating of “Buy” from Analysts
Wpp Plc (LON:WPP) has been assigned an average rating of “Buy” from the twenty-one research firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,837.89 ($23.74).
Several equities research analysts have recently commented on the company. Macquarie reissued an “outperform” rating and set a GBX 1,800 ($23.25) price target on shares of Wpp Plc in a research note on Friday, August 11th. Liberum Capital decreased their price target on Wpp Plc from GBX 2,000 ($25.83) to GBX 1,865 ($24.09) and set a “buy” rating on the stock in a research note on Friday. J P Morgan Chase & Co reissued an “overweight” rating on shares of Wpp Plc in a research note on Thursday, June 8th. Credit Suisse Group decreased their price target on Wpp Plc from GBX 1,920 ($24.80) to GBX 1,600 ($20.66) and set an “outperform” rating on the stock in a research note on Thursday, August 24th. Finally, Shore Capital reissued a “hold” rating on shares of Wpp Plc in a research note on Monday, August 14th.
Wpp Plc (LON:WPP) traded down 0.21% during trading on Friday, hitting GBX 1393.00. The stock had a trading volume of 4,882,157 shares. Wpp Plc has a 12-month low of GBX 1,375.00 and a 12-month high of GBX 1,928.07. The firm’s market cap is GBX 17.64 billion. The stock’s 50 day moving average price is GBX 1,519.00 and its 200 day moving average price is GBX 1,654.32.
Wpp Plc (LON:WPP) last released its earnings results on Sunday, August 20th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. On average, analysts anticipate that Wpp Plc will post $125.93 EPS for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be paid a dividend of GBX 22.70 ($0.29) per share. This represents a dividend yield of 1.55%. The ex-dividend date is Thursday, October 5th.
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In other Wpp Plc news, insider Jacques Aigrain purchased 4,000 shares of Wpp Plc stock in a transaction on Friday, August 25th. The shares were bought at an average price of GBX 1,439 ($18.58) per share, with a total value of £57,560 ($74,338.11).
About Wpp Plc
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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