WPP (LON:WPP) Earns “Overweight” Rating from Barclays

Barclays restated their overweight rating on shares of WPP (LON:WPP) in a research note issued to investors on Monday morning, Digital Look reports. They currently have a GBX 1,100 ($14.37) price objective on the stock.

A number of other research firms have also recently commented on WPP. HSBC cut their target price on WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a hold rating on the stock in a research report on Thursday, July 4th. Liberum Capital reiterated a buy rating on shares of WPP in a research report on Friday, August 9th. Credit Suisse Group lifted their target price on WPP from GBX 1,015 ($13.26) to GBX 1,050 ($13.72) and gave the stock a neutral rating in a research report on Monday, April 29th. Numis Securities reiterated a reduce rating on shares of WPP in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. lifted their target price on WPP from GBX 1,100 ($14.37) to GBX 1,125 ($14.70) and gave the stock an overweight rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. WPP currently has an average rating of Hold and an average target price of GBX 1,104.64 ($14.43).

WPP opened at GBX 937 ($12.24) on Monday. The business’s 50-day simple moving average is GBX 959.29 and its 200-day simple moving average is GBX 917.03. The company has a debt-to-equity ratio of 67.91, a quick ratio of 0.94 and a current ratio of 0.96. WPP has a one year low of GBX 791 ($10.34) and a one year high of GBX 1,323.50 ($17.29). The stock has a market capitalization of $11.82 billion and a P/E ratio of 11.12.

The business also recently declared a dividend, which will be paid on Monday, November 4th. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 22.70 ($0.30) per share. This represents a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, October 3rd. WPP’s dividend payout ratio is currently 0.71%.

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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Analyst Recommendations for WPP (LON:WPP)

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