Macquarie Lowers WPP plc American Depositary Shares (WPP) to Neutral

WPP plc American Depositary Shares (NYSE:WPP) was downgraded by investment analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, January 2nd, The Fly reports.

Several other equities analysts also recently issued reports on WPP. Zacks Investment Research upgraded shares of WPP plc American Depositary Shares from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Morgan Stanley downgraded shares of WPP plc American Depositary Shares from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 26th. Pivotal Research upgraded shares of WPP plc American Depositary Shares from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, ValuEngine downgraded shares of WPP plc American Depositary Shares from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. WPP plc American Depositary Shares presently has an average rating of “Hold” and an average price target of $116.00.

WPP plc American Depositary Shares (NYSE:WPP) opened at $89.57 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. WPP plc American Depositary Shares has a twelve month low of $82.44 and a twelve month high of $119.12.

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About WPP plc American Depositary Shares

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.

The Fly

Analyst Recommendations for WPP plc American Depositary Shares (NYSE:WPP)

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