Wpp Plc (WPP) Upgraded to “Buy” at Shore Capital
WPP has been the subject of a number of other research reports. Credit Suisse Group restated an outperform rating on shares of Wpp Plc in a research note on Friday, July 21st. Deutsche Bank AG reaffirmed a hold rating and set a GBX 1,750 ($23.21) price objective (down from GBX 1,890 ($25.07)) on shares of Wpp Plc in a report on Monday, July 17th. J P Morgan Chase & Co lowered their price objective on Wpp Plc from GBX 1,900 ($25.20) to GBX 1,697 ($22.51) and set an overweight rating on the stock in a research note on Monday, September 4th. Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of Wpp Plc in a research note on Wednesday, September 13th. Finally, Macquarie reissued an outperform rating and issued a GBX 2,000 ($26.53) target price on shares of Wpp Plc in a report on Monday, June 12th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Wpp Plc has an average rating of Buy and an average price target of GBX 1,830.48 ($24.28).
Shares of Wpp Plc (WPP) opened at 1393.00 on Friday. The company’s market cap is GBX 17.64 billion. The company has a 50 day moving average price of GBX 1,436.33 and a 200 day moving average price of GBX 1,604.36. Wpp Plc has a one year low of GBX 1,345.00 and a one year high of GBX 1,928.07.
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The company also recently disclosed a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be given a GBX 22.70 ($0.30) dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 1.55%.
In other news, insider Jacques Aigrain bought 4,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was bought at an average price of GBX 1,439 ($19.09) per share, for a total transaction of £57,560 ($76,349.65).
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.
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