Shore Capital Reiterates Hold Rating for WPP (LON:WPP)

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Shore Capital reissued their hold rating on shares of WPP (LON:WPP) in a research report sent to investors on Thursday, October 25th.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank reaffirmed a hold rating on shares of WPP in a research note on Wednesday, September 12th. BMO Capital Markets reaffirmed a market perform rating and issued a GBX 1,300 ($16.99) price objective on shares of WPP in a research note on Wednesday, September 5th. Liberum Capital reaffirmed a buy rating and issued a GBX 1,750 ($22.87) price objective on shares of WPP in a research note on Wednesday, October 24th. Barclays reaffirmed an equal weight rating on shares of WPP in a research note on Friday, July 6th. Finally, Libertas Partners reaffirmed a buy rating and issued a GBX 1,750 ($22.87) price objective on shares of WPP in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 1,308.42 ($17.10).

Shares of LON:WPP opened at GBX 867.40 ($11.33) on Thursday. WPP has a 12-month low of GBX 1,121.44 ($14.65) and a 12-month high of GBX 1,774 ($23.18).

The company also recently announced a dividend, which was paid on Monday, November 5th. Shareholders of record on Thursday, October 4th were given a dividend of GBX 22.70 ($0.30) per share. This represents a yield of 1.9%. The ex-dividend date of this dividend was Thursday, October 4th.

In other news, insider Mark Read bought 10,000 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was purchased at an average price of GBX 1,145 ($14.96) per share, with a total value 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.

Further Reading: Beta

Analyst Recommendations for WPP (LON:WPP)

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