Wpp Plc (NYSE:WPP) Given Average Recommendation of “Hold” by Brokerages

Wpp Plc (NYSE:WPP) has been given an average rating of “Hold” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company.

Several research firms have recently issued reports on WPP. Wall Street Zen raised WPP from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Berenberg Bank began coverage on WPP in a report on Tuesday, June 9th. They issued a “buy” rating on the stock. Barclays upgraded WPP from an “underweight” rating to an “equal weight” rating in a report on Friday, February 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of WPP in a report on Tuesday, June 16th. Finally, Citigroup reiterated a “neutral” rating on shares of WPP in a report on Thursday, April 30th.

WPP Stock Performance

Shares of NYSE WPP opened at $16.58 on Thursday. The stock has a 50-day moving average price of $18.17 and a two-hundred day moving average price of $18.88. WPP has a 12 month low of $14.81 and a 12 month high of $36.66. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.89 and a quick ratio of 0.89.

Institutional Trading of WPP

Several institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in WPP by 38.9% in the third quarter. Allworth Financial LP now owns 1,852 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 519 shares during the last quarter. Cetera Investment Advisers boosted its holdings in WPP by 9.2% in the second quarter. Cetera Investment Advisers now owns 7,766 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 654 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of WPP by 105.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,395 shares of the business services provider’s stock worth $49,000 after buying an additional 717 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of WPP by 6.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,704 shares of the business services provider’s stock worth $343,000 after buying an additional 776 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of WPP by 185.0% during the 4th quarter. GAMMA Investing LLC now owns 1,254 shares of the business services provider’s stock worth $28,000 after buying an additional 814 shares in the last quarter. 4.34% of the stock is currently owned by institutional investors.

About WPP

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.