Wpp Plc (WPP) PT Raised to GBX 2,050 at HSBC
Wpp Plc (LON:WPP) had its price target increased by analysts at HSBC from GBX 1,900 ($23.51) to GBX 2,050 ($25.37) in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. HSBC’s price objective suggests a potential upside of 12.89% from the stock’s current price.
WPP has been the topic of several other research reports. Numis Securities Ltd reiterated an “add” rating and issued a GBX 1,975 ($24.44) price objective on shares of Wpp Plc in a report on Tuesday, August 30th. Jefferies Group downgraded Wpp Plc to a “hold” rating and decreased their price objective for the stock from GBX 1,850 ($22.90) to GBX 1,820 ($22.52) in a report on Monday, September 26th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 1,989 ($24.62) price objective on shares of Wpp Plc in a report on Wednesday, September 28th. Barclays PLC restated an “overweight” rating and set a GBX 2,100 ($25.99) price target on shares of Wpp Plc in a report on Monday, October 3rd. Finally, Liberum Capital restated a “hold” rating and set a GBX 1,800 ($22.28) price target on shares of Wpp Plc in a report on Wednesday, September 14th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 1,834.18 ($22.70).
Shares of Wpp Plc (LON:WPP) opened at 1828.00 on Friday. The stock’s market capitalization is GBX 23.47 billion. Wpp Plc has a 52 week low of GBX 1,204.00 and a 52 week high of GBX 1,875.00. The stock has a 50 day moving average price of GBX 1,797.75 and a 200 day moving average price of GBX 1,673.53.
The business also recently announced a dividend, which will be paid on Monday, November 7th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 19.55 ($0.24) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 1.1%.
Wpp Plc Company Profile
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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