Wpp Plc’s (WPP) “Buy” Rating Reaffirmed at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reaffirmed their buy rating on shares of Wpp Plc (LON:WPP) in a research report sent to investors on Wednesday morning. The firm currently has a GBX 1,989 ($25.96) target price on the stock.
Several other equities research analysts also recently commented on WPP. Jefferies Group reiterated a buy rating and set a GBX 1,850 ($24.15) price objective on shares of Wpp Plc in a research note on Wednesday, June 1st. BNP Paribas lifted their price objective on shares of Wpp Plc from GBX 1,700 ($22.19) to GBX 1,750 ($22.84) and gave the stock an outperform rating in a research note on Wednesday, June 1st. Deutsche Bank AG restated a buy rating and set a GBX 1,755 ($22.91) target price on shares of Wpp Plc in a research report on Friday, June 3rd. JPMorgan Chase & Co. boosted their target price on shares of Wpp Plc from GBX 1,880 ($24.54) to GBX 1,930 ($25.19) and gave the company an overweight rating in a research report on Thursday, June 23rd. Finally, HSBC decreased their target price on shares of Wpp Plc from GBX 1,800 ($23.50) to GBX 1,750 ($22.84) and set a hold rating for the company in a research report on Tuesday, June 28th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Wpp Plc has a consensus rating of Buy and an average target price of GBX 1,827.36 ($23.85).
Wpp Plc (LON:WPP) opened at 1825.00 on Wednesday. The stock’s market cap is GBX 23.43 billion. Wpp Plc has a 12-month low of GBX 1,204.00 and a 12-month high of GBX 1,875.00. The firm’s 50 day moving average price is GBX 1,779.64 and its 200-day moving average price is GBX 1,656.81.
The company also recently announced a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, October 6th will be paid a GBX 19.55 ($0.26) dividend. This represents a dividend yield of 1.1%. The ex-dividend date is Thursday, October 6th.
About Wpp Plc
WPP plc (WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications. Advertising and Media Investment Management, where it operates advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network.
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