WPP plc American Depositary Shares (WPP) Downgraded to Hold at HSBC

WPP plc American Depositary Shares (NYSE:WPP) was downgraded by equities research analysts at HSBC from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other research analysts have also recently issued reports on 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 note 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 note on Tuesday, October 31st. Macquarie cut shares of WPP plc American Depositary Shares from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 2nd. ValuEngine cut shares of WPP plc American Depositary Shares from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group cut shares of WPP plc American Depositary Shares from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $118.50.

Shares of WPP plc American Depositary Shares (NYSE:WPP) traded down $0.86 during trading hours on Monday, reaching $90.84. 45,571 shares of the company were exchanged, compared to its average volume of 237,688. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.67. WPP plc American Depositary Shares has a fifty-two week low of $82.44 and a fifty-two week high of $119.12.

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About WPP plc American Depositary Shares

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.

Analyst Recommendations for WPP plc American Depositary Shares (NYSE:WPP)

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