Wpp Plc (LON:WPP) Receives GBX 1,848.67 Average Target Price from Analysts
Wpp Plc (LON:WPP) has been given a consensus rating of “Buy” by the twenty-four analysts that are covering the stock. Ten investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 1,848.67 ($24.13).
WPP has been the topic of a number of analyst reports. Jefferies Group cut shares of Wpp Plc to a “hold” rating and dropped their price objective for the stock from GBX 1,850 ($24.15) to GBX 1,820 ($23.76) in a report on Monday, September 26th. JPMorgan Chase & Co. increased 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. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 1,970 ($25.71) target price on shares of Wpp Plc in a research report on Thursday, August 25th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,800 ($23.50) target price on shares of Wpp Plc in a research report on Friday, July 29th. Finally, Societe Generale upgraded shares of Wpp Plc to a “buy” rating and decreased their target price for the company from GBX 2,050 ($26.76) to GBX 1,975 ($25.78) in a research report on Wednesday, July 13th.
Wpp Plc (LON:WPP) opened at 1807.5475 on Friday. 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 is GBX 1,783.22 and its 200-day moving average is GBX 1,660.02. The firm’s market cap is GBX 23.21 billion.
The company also recently declared a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, October 6th will be given 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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