Wpp Plc (WPP) Receives Outperform Rating from BNP Paribas
Wpp Plc (LON:WPP)‘s stock had its “outperform” rating reiterated by investment analysts at BNP Paribas in a report released on Monday. They currently have a GBX 2,180 ($27.00) target price on the stock. BNP Paribas’ price target indicates a potential upside of 32.68% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Jefferies Group downgraded shares of Wpp Plc to a “hold” rating and cut their price objective for the stock from GBX 1,850 ($22.92) to GBX 1,820 ($22.54) in a research report on Monday, September 26th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,100 ($26.01) price objective on shares of Wpp Plc in a research report on Tuesday, November 1st. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 1,970 ($24.40) price objective on shares of Wpp Plc in a research report on Thursday, August 25th. JPMorgan Chase & Co. lifted their price objective on shares of Wpp Plc from GBX 1,930 ($23.91) to GBX 1,935 ($23.97) and gave the stock an “overweight” rating in a research report on Monday, July 18th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Wpp Plc in a research report on Thursday, August 18th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,868.73 ($23.15).
Shares of Wpp Plc (LON:WPP) opened at 1652.00 on Monday. The firm’s 50-day moving average is GBX 1,770.00 and its 200-day moving average is GBX 1,687.31. Wpp Plc has a one year low of GBX 1,204.00 and a one year high of GBX 1,875.00. The stock’s market capitalization is GBX 21.21 billion.
The firm also recently announced a dividend, which was paid on Monday, November 7th. Stockholders of record on Thursday, October 6th were issued a dividend of GBX 19.55 ($0.24) per share. This represents a dividend yield of 1.1%. The ex-dividend date was 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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