WPP (LON:WPP) Trading Up 5.6%

WPP plc (LON:WPP) traded up 5.6% during mid-day trading on Thursday . The stock traded as high as GBX 749 ($9.85) and last traded at GBX 746.60 ($9.82). 3,319,723 shares traded hands during trading, an increase of 27% from the average session volume of 2,611,820 shares. The stock had previously closed at GBX 706.80 ($9.29).

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WPP. Deutsche Bank Aktiengesellschaft reduced their target price on shares of WPP from GBX 990 ($13.02) to GBX 950 ($12.49) and set a “buy” rating on the stock in a research report on Friday, August 9th. Shore Capital restated a “buy” rating on shares of WPP in a research report on Wednesday, August 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of WPP in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 910 ($11.97).

WPP Stock Up 5.6 %

The business has a fifty day moving average of GBX 723.37 and a 200 day moving average of GBX 752.84. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55. The firm has a market cap of £8.06 billion, a P/E ratio of 3,929.47, a P/E/G ratio of 13.47 and a beta of 1.13.

WPP Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a GBX 15 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 2.09%. WPP’s dividend payout ratio (DPR) is presently 20,526.32%.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.