Wpp Plc (WPPGY) Receives Hold Rating from Pivotal Research
Wpp Plc (NASDAQ:WPPGY)‘s stock had its “hold” rating restated by equities researchers at Pivotal Research in a report released on Tuesday.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Wpp Plc from a “sell” rating to a “hold” rating in a report on Monday, July 11th. Jefferies Group cut shares of Wpp Plc from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Wpp Plc has an average rating of “Hold” and a consensus price target of $133.00.
Wpp Plc (NASDAQ:WPPGY) opened at 110.03 on Tuesday. Wpp Plc has a 12-month low of $95.67 and a 12-month high of $121.55. The firm has a market cap of $28.26 billion, a price-to-earnings ratio of 26.87 and a beta of 1.32. The company has a 50-day moving average of $116.13 and a 200 day moving average of $114.13.
A number of hedge funds have recently made changes to their positions in WPPGY. Duff & Phelps Investment Management Co. purchased a new position in Wpp Plc during the third quarter worth $3,655,000. MSI Financial Services Inc increased its position in Wpp Plc by 17.5% in the third quarter. MSI Financial Services Inc now owns 859 shares of the company’s stock valued at $101,000 after buying an additional 128 shares during the period. Capstone Asset Management Co. increased its position in Wpp Plc by 0.4% in the third quarter. Capstone Asset Management Co. now owns 73,314 shares of the company’s stock valued at $8,631,000 after buying an additional 257 shares during the period. Eagle Asset Management Inc. bought a new position in Wpp Plc during the third quarter valued at approximately $240,000. Finally, Creative Planning increased its position in Wpp Plc by 5.4% in the third quarter. Creative Planning now owns 8,297 shares of the company’s stock valued at $977,000 after buying an additional 426 shares during the period. Institutional investors own 4.82% of the company’s stock.
About Wpp Plc
WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.
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