Investment analysts at Credit Suisse Group AG started coverage on shares of WPP PLC (NASDAQ:WPPGY) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating on the stock.

Several other research analysts have also recently issued reports on WPPGY. Zacks Investment Research cut shares of WPP PLC from a “hold” rating to a “sell” rating in a report on Monday, September 5th. Jefferies Group lowered shares of WPP PLC from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Pivotal Research reiterated a “hold” rating on shares of WPP PLC in a research note on Tuesday, October 18th. Finally, HSBC upgraded shares of WPP PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, November 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $133.00.

Analyst Recommendations for WPP PLC (NASDAQ:WPPGY)

Shares of WPP PLC (NASDAQ:WPPGY) opened at 105.70 on Tuesday. The firm has a 50-day moving average of $0.00 and a 200 day moving average of $0.00. WPP PLC has a 1-year low of $95.67 and a 1-year high of $121.55.

Hedge funds have recently made changes to their positions in the stock. MSI Financial Services Inc increased its position in shares of 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 in the last quarter. Acadian Asset Management LLC purchased a new position in shares of WPP PLC during the third quarter valued at $220,000. Eagle Asset Management Inc. purchased a new position in shares of WPP PLC during the third quarter valued at $240,000. Riverhead Capital Management LLC increased its position in shares of WPP PLC by 73.2% in the third quarter. Riverhead Capital Management LLC now owns 2,400 shares of the company’s stock valued at $283,000 after buying an additional 1,014 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of WPP PLC during the third quarter valued at $306,000. Institutional investors own 4.30% of the company’s stock.

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WPP PLC Company Profile

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.

5 Day Chart for NASDAQ:WPPGY

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