Wpp Plc (WPP) Stock Rating Reaffirmed by Barclays PLC
Wpp Plc (LON:WPP)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays PLC in a research report issued on Monday. They currently have a GBX 2,100 ($27.41) price objective on the stock. Barclays PLC’s price target indicates a potential upside of 16.18% from the stock’s current price.
Several other research firms have also commented on WPP. Jefferies Group lowered Wpp Plc to a “hold” rating and lowered their target price for the company from GBX 1,850 ($24.15) to GBX 1,820 ($23.76) in a report on Monday, September 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,975 ($25.78) target price on shares of Wpp Plc in a report on Thursday, September 8th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 1,975 ($25.78) target price on shares of Wpp Plc in a report on Tuesday, August 30th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,800 ($23.50) target price on shares of Wpp Plc in a report on Wednesday, August 31st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 2,100 ($27.41) target price on shares of Wpp Plc in a report on Friday, September 9th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 1,827.36 ($23.85).
Wpp Plc (LON:WPP) opened at 1807.5475 on Monday. The company has a 50-day moving average price of GBX 1,783.22 and a 200 day moving average price of GBX 1,660.02. The stock’s market capitalization is GBX 23.21 billion. Wpp Plc has a 1-year low of GBX 1,204.00 and a 1-year high of GBX 1,875.00.
The business also recently declared 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 of this dividend 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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