Analysts Set WPP plc (LON:WPP) Target Price at GBX 910

WPP plc (LON:WPP) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 910 ($12.02).

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of WPP from GBX 990 ($13.08) to GBX 950 ($12.55) and set a “buy” rating for the company in a research note on Friday, August 9th. Shore Capital reiterated a “buy” rating on shares of WPP in a report on Wednesday, August 7th. Finally, Citigroup restated a “buy” rating on shares of WPP in a report on Thursday, September 5th.

WPP Stock Performance

LON:WPP opened at GBX 747.40 ($9.87) on Wednesday. The firm has a market cap of £8.07 billion, a price-to-earnings ratio of 3,947.37, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. WPP has a 1-year low of GBX 656 ($8.67) and a 1-year high of GBX 856.80 ($11.32). The firm’s fifty day moving average price is GBX 724.72 and its 200 day moving average price is GBX 752.31. The company has a debt-to-equity ratio of 190.55, a current ratio of 0.89 and a quick ratio of 0.89.

WPP Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a dividend of GBX 15 ($0.20) per share. This represents a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, October 10th. WPP’s dividend payout ratio is currently 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.