WPP (LON:WPP) Rating Reiterated by Shore Capital

Shore Capital reiterated their buy rating on shares of WPP (LON:WPP) in a report released on Thursday morning, MarketBeat Ratings reports.

Several other brokerages also recently issued reports on WPP. Barclays reiterated an overweight rating and issued a GBX 1,000 ($12.45) price objective on shares of WPP in a research report on Wednesday, January 31st. JPMorgan Chase & Co. boosted their target price on WPP from GBX 850 ($10.58) to GBX 890 ($11.08) and gave the stock a neutral rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, WPP currently has a consensus rating of Moderate Buy and a consensus price target of GBX 1,005.83 ($12.52).

WPP Trading Up 0.4 %

Shares of WPP opened at GBX 774.82 ($9.65) on Thursday. The stock has a fifty day moving average price of GBX 738.64 and a two-hundred day moving average price of GBX 734.69. The company has a debt-to-equity ratio of 179.40, a quick ratio of 0.89 and a current ratio of 0.86. WPP has a 52-week low of GBX 656 ($8.17) and a 52-week high of GBX 965.60 ($12.02). The company has a market cap of £8.29 billion, a price-to-earnings ratio of 7,748.19, a PEG ratio of 2.54 and a beta of 1.14.

WPP Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 6th will be given a dividend of GBX 24.40 ($0.30) per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 3.13%. This is an increase from WPP’s previous dividend of $15.00. WPP’s payout ratio is presently 39,000.00%.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.