Jefferies Group LLC Trims Wpp Plc (WPP) Target Price to GBX 1,614
Wpp Plc (LON:WPP) had its price target cut by Jefferies Group LLC from GBX 2,000 ($25.96) to GBX 1,614 ($20.95) in a research report sent to investors on Thursday, MarketBeat.com reports. They currently have a buy rating on the stock.
Several other equities research analysts have also issued reports on the company. Macquarie dropped their price target on Wpp Plc from GBX 1,800 ($23.37) to GBX 1,700 ($22.07) and set an outperform rating on the stock in a research report on Thursday. Credit Suisse Group dropped their price target on Wpp Plc from GBX 1,920 ($24.93) to GBX 1,600 ($20.77) and set an outperform rating on the stock in a research report on Thursday. HSBC Holdings plc dropped their price target on Wpp Plc from GBX 2,000 ($25.96) to GBX 1,850 ($24.02) and set a buy rating on the stock in a research report on Thursday. Investec reissued a hold rating on shares of Wpp Plc in a research report on Wednesday, August 23rd. Finally, Liberum Capital reissued a buy rating and set a GBX 2,000 ($25.96) price target on shares of Wpp Plc in a research report on Wednesday, August 23rd. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 1,862.29 ($24.18).
Shares of Wpp Plc (LON:WPP) opened at 1437.00 on Thursday. The firm’s 50-day moving average is GBX 1,558.75 and its 200 day moving average is GBX 1,685.29. The stock’s market cap is GBX 18.20 billion. Wpp Plc has a 52-week low of GBX 1,382.00 and a 52-week high of GBX 1,928.07.
The business also recently declared a dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, October 5th will be given a GBX 22.70 ($0.29) dividend. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.55%.
About Wpp Plc
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.
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