Shares of Wpp Plc (LON:WPP) have been assigned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,106.43 ($14.46).
WPP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. set a GBX 1,090 ($14.24) target price on shares of WPP and gave the company a “buy” rating in a research note on Wednesday, December 12th. UBS Group reissued a “buy” rating and issued a GBX 1,150 ($15.03) price target (down previously from GBX 1,175 ($15.35)) on shares of WPP in a research report on Wednesday, February 27th. HSBC lowered their price target on shares of WPP from GBX 1,020 ($13.33) to GBX 960 ($12.54) and set a “hold” rating on the stock in a research report on Wednesday, January 30th. Goldman Sachs Group set a GBX 905 ($11.83) price target on shares of WPP and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Morgan Stanley reissued an “equal weight” rating on shares of WPP in a research report on Tuesday, December 4th.
WPP stock traded down GBX 7.20 ($0.09) during midday trading on Wednesday, hitting GBX 866.80 ($11.33). 1,303,088 shares of the stock were exchanged, compared to its average volume of 6,860,000. The company has a debt-to-equity ratio of 67.91, a quick ratio of 0.94 and a current ratio of 0.96. The stock has a market cap of $11.03 billion and a PE ratio of 10.28. WPP has a 52-week low of GBX 791 ($10.34) and a 52-week high of GBX 1,375.50 ($17.97).
The company also recently announced a dividend, which will be paid on Monday, July 8th. Investors of record on Thursday, June 13th will be issued a dividend of GBX 37.30 ($0.49) per share. This represents a yield of 4.31%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from WPP’s previous dividend of $22.70. WPP’s dividend payout ratio is 0.71%.
In related news, insider Mark Read sold 12,823 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of GBX 856 ($11.19), for a total transaction of £109,764.88 ($143,427.26).
WPP 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 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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