Wpp Plc (NYSE:WPP) Receives Average Rating of “Hold” from Analysts

Wpp Plc (NYSE:WPP) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company.

A number of research analysts have weighed in on the stock. Berenberg Bank started coverage on shares of WPP in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. The Goldman Sachs Group started coverage on shares of WPP in a research note on Wednesday, June 3rd. They issued a “sell” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of WPP in a report on Tuesday, June 16th. Rothschild & Co Redburn assumed coverage on WPP in a research report on Thursday, May 28th. They issued a “buy” rating for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of WPP in a research report on Thursday, April 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC boosted its holdings in WPP by 0.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,186,191 shares of the business services provider’s stock valued at $255,164,000 after acquiring an additional 47,289 shares during the period. Mondrian Investment Partners LTD raised its stake in shares of WPP by 1.5% during the fourth quarter. Mondrian Investment Partners LTD now owns 3,240,219 shares of the business services provider’s stock valued at $72,775,000 after acquiring an additional 48,714 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of WPP by 12.3% in the third quarter. Dimensional Fund Advisors LP now owns 861,579 shares of the business services provider’s stock worth $21,555,000 after purchasing an additional 94,162 shares during the last quarter. Royal Bank of Canada increased its holdings in WPP by 7.5% during the 4th quarter. Royal Bank of Canada now owns 481,076 shares of the business services provider’s stock valued at $10,805,000 after purchasing an additional 33,433 shares during the period. Finally, Bank of America Corp DE raised its position in WPP by 10.8% during the 2nd quarter. Bank of America Corp DE now owns 470,900 shares of the business services provider’s stock valued at $16,486,000 after purchasing an additional 45,866 shares during the last quarter. Institutional investors own 4.34% of the company’s stock.

WPP Price Performance

NYSE:WPP opened at $18.77 on Monday. The firm’s fifty day moving average is $18.06 and its 200-day moving average is $18.24. WPP has a 52 week low of $14.81 and a 52 week high of $29.28. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.48.

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.