HSBC Holdings plc Trims Wpp Plc (WPP) Target Price to GBX 1,850
Wpp Plc (LON:WPP) had its price target reduced by HSBC Holdings plc from GBX 2,000 ($25.96) to GBX 1,850 ($24.02) in a research report released on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the stock.
Other analysts also recently issued reports about the company. Numis Securities Ltd restated an add rating and issued a GBX 1,975 ($25.64) price objective on shares of Wpp Plc in a research report on Thursday, April 27th. Shore Capital restated a buy rating on shares of Wpp Plc in a research report on Thursday, April 27th. Liberum Capital restated a buy rating and issued a GBX 2,000 ($25.96) price objective on shares of Wpp Plc in a research report on Thursday, April 27th. Beaufort Securities reiterated a buy rating and issued a GBX 2,075 ($26.94) target price on shares of Wpp Plc in a research note on Friday, April 28th. Finally, Citigroup Inc. reiterated a buy rating on shares of Wpp Plc in a research note on Monday, May 15th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 1,862.29 ($24.18).
Wpp Plc (WPP) opened at 1437.00 on Thursday. The stock’s market capitalization is GBX 18.20 billion. Wpp Plc has a 1-year low of GBX 1,382.00 and a 1-year high of GBX 1,928.07. The firm’s 50-day moving average is GBX 1,558.75 and its 200 day moving average is GBX 1,685.29.
The company also recently declared a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be paid a dividend of GBX 22.70 ($0.29) per share. The ex-dividend date is Thursday, October 5th. This represents a yield of 1.55%.
Wpp Plc Company Profile
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
Receive News & Stock Ratings for Wpp Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wpp Plc and related stocks with our FREE daily email newsletter.