Credit Suisse Group Trims Wpp Plc (WPP) Target Price to GBX 1,500
Wpp Plc (LON:WPP) had its price objective cut by Credit Suisse Group from GBX 1,600 ($21.11) to GBX 1,500 ($19.79) in a report issued on Thursday morning, MarketBeat Ratings reports. They currently have an outperform rating on the stock.
Several other equities research analysts have also recently issued reports on the stock. Shore Capital reaffirmed a buy rating on shares of Wpp Plc in a research report on Monday, October 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Wpp Plc in a research report on Wednesday, September 13th. Liberum Capital reaffirmed a buy rating and set a GBX 1,865 ($24.61) price objective on shares of Wpp Plc in a research report on Monday, October 2nd. Barclays PLC reaffirmed an overweight rating and set a GBX 2,025 ($26.72) price objective on shares of Wpp Plc in a research report on Friday, July 7th. Finally, Deutsche Bank AG reaffirmed a hold rating and set a GBX 1,750 ($23.09) price objective on shares of Wpp Plc in a research report on Wednesday, October 25th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Wpp Plc presently has a consensus rating of Buy and a consensus price target of GBX 1,775.50 ($23.43).
Wpp Plc (WPP) opened at GBX 1,326.50 ($17.50) on Thursday. Wpp Plc has a 12 month low of GBX 1,259.20 ($16.62) and a 12 month high of GBX 1,928.07 ($25.44).
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The firm also recently disclosed a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be paid 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 Wpp Plc news, insider Jacques Aigrain acquired 4,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of GBX 1,439 ($18.99) per share, for a total transaction of £57,560 ($75,956.72).
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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