WPP (WPP) Given “Buy” Rating at Liberum Capital

Liberum Capital restated their buy rating on shares of WPP (LON:WPP) in a research note released on Friday.

WPP has been the subject of a number of other reports. Barclays reaffirmed an equal weight rating on shares of WPP in a research report on Friday, July 6th. Berenberg Bank reaffirmed a sell rating on shares of WPP in a research report on Thursday, July 26th. Libertas Partners reaffirmed a buy rating and set a GBX 1,750 ($22.87) target price on shares of WPP in a research report on Friday, August 10th. Goldman Sachs Group set a GBX 1,441 ($18.83) target price on WPP and gave the company a neutral rating in a research report on Monday, August 13th. Finally, UBS Group reaffirmed a buy rating and set a GBX 1,660 ($21.69) target price on shares of WPP in a research report on Monday, August 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 1,337.37 ($17.48).

Shares of WPP stock traded up GBX 20.80 ($0.27) on Friday, reaching GBX 913.80 ($11.94). 6,992,912 shares of the company’s stock were exchanged, compared to its average volume of 6,860,000. WPP has a 52 week low of GBX 1,121.44 ($14.65) and a 52 week high of GBX 1,774 ($23.18).

The firm also recently announced a dividend, which will be paid on Monday, November 5th. Investors of record on Thursday, October 4th will be paid a dividend of GBX 22.70 ($0.30) per share. The ex-dividend date is Thursday, October 4th. This represents a yield of 1.9%.

In other WPP news, insider Mark Read bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were purchased at an average cost of GBX 1,145 ($14.96) per share, for a total transaction of £114,500 ($149,614.53).

About WPP

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 Consulting, Health & Wellness 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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Analyst Recommendations for WPP (LON:WPP)

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