Wpp Plc (WPP) Given Average Rating of “Buy” by Brokerages
Wpp Plc (LON:WPP) has earned an average rating of “Buy” from the twenty-one brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 1,838.94 ($24.39).
A number of equities research analysts have recently issued reports on the company. Liberum Capital restated a “buy” rating and issued a GBX 1,865 ($24.74) price target on shares of Wpp Plc in a research report on Monday. Shore Capital upgraded Wpp Plc to a “buy” rating in a research report on Friday, September 29th. Citigroup Inc. restated a “buy” rating and issued a GBX 2,100 ($27.86) price target on shares of Wpp Plc in a research report on Thursday, September 28th. Morgan Stanley lowered Wpp Plc to an “equal weight” rating and dropped their price target for the company from GBX 1,930 ($25.60) to GBX 1,600 ($21.22) in a research report on Tuesday, September 26th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Wpp Plc in a research report on Wednesday, September 13th.
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In other news, insider Jacques Aigrain purchased 4,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of GBX 1,439 ($19.09) per share, for a total transaction of £57,560 ($76,349.65).
Wpp Plc (LON WPP) traded up 2.86% during midday trading on Wednesday, hitting GBX 1403.00. The stock had a trading volume of 6,882,764 shares. Wpp Plc has a 12-month low of GBX 1,345.00 and a 12-month high of GBX 1,928.07. The company’s market cap is GBX 17.76 billion. The firm has a 50-day moving average of GBX 1,429.59 and a 200-day moving average of GBX 1,600.67.
The company 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 ($0.30) per share. This represents a yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 5th.
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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