Wpp Plc (NYSE:WPP) Given Consensus Rating of “Hold” by Analysts

Shares of Wpp Plc (NYSE:WPP) have earned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company.

WPP has been the subject of a number of recent research reports. Citigroup started coverage on shares of WPP in a report on Monday, January 12th. They set a “neutral” rating for the company. Barclays raised shares of WPP from an “underweight” rating to an “equal weight” rating in a research note on Friday, February 27th. Wall Street Zen upgraded shares of WPP from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of WPP in a report on Wednesday, January 21st. Finally, Zacks Research raised WPP from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th.

WPP Trading Up 0.8%

WPP stock opened at $15.81 on Tuesday. The stock has a 50-day moving average price of $19.40 and a 200 day moving average price of $21.48. WPP has a 52 week low of $15.57 and a 52 week high of $41.01.

Institutional Trading of WPP

A number of hedge funds have recently added to or reduced their stakes in WPP. GAMMA Investing LLC grew its holdings in WPP by 185.0% in the fourth quarter. GAMMA Investing LLC now owns 1,254 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 814 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of WPP in the 3rd quarter valued at $28,000. SBI Securities Co. Ltd. grew its stake in shares of WPP by 323.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,454 shares of the business services provider’s stock valued at $36,000 after buying an additional 1,111 shares during the period. Global Retirement Partners LLC grew its stake in shares of WPP by 1,279.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,821 shares of the business services provider’s stock valued at $41,000 after buying an additional 1,689 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of WPP by 184.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,889 shares of the business services provider’s stock worth $42,000 after buying an additional 1,225 shares during the last quarter. 4.34% of the stock is owned by institutional investors and hedge funds.

WPP Company Profile

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.