WPP plc American Depositary Shares (WPP) Lowered to “Underperform” at Bank of America

WPP plc American Depositary Shares (NYSE:WPP) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued on Thursday, The Fly reports.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of WPP plc American Depositary Shares from a “sell” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Tuesday, October 24th. Pivotal Research raised shares of WPP plc American Depositary Shares from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. ValuEngine lowered shares of WPP plc American Depositary Shares from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Credit Suisse Group lowered shares of WPP plc American Depositary Shares from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Finally, Macquarie lowered shares of WPP plc American Depositary Shares from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. WPP plc American Depositary Shares currently has a consensus rating of “Hold” and an average price target of $116.00.

Shares of WPP plc American Depositary Shares (NYSE:WPP) traded up $0.06 during trading hours on Thursday, hitting $92.97. 268,600 shares of the company were exchanged, compared to its average volume of 223,181. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. WPP plc American Depositary Shares has a 1 year low of $82.44 and a 1 year high of $119.12.

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WPP plc American Depositary Shares 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.