Wpp Plc (WPP) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Wpp Plc (LON:WPP) have earned an average rating of “Buy” from the twenty-one brokerages that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,838.94 ($24.18).

WPP has been the subject of several recent research reports. Credit Suisse Group restated an “outperform” rating on shares of Wpp Plc in a report on Friday, July 21st. Deutsche Bank AG restated a “hold” rating and issued a GBX 1,750 ($23.01) price target (down previously from GBX 1,890 ($24.85)) on shares of Wpp Plc in a report on Monday, July 17th. Shore Capital lowered shares of Wpp Plc to a “hold” rating in a report on Tuesday, June 27th. J P Morgan Chase & Co reduced their price target on shares of Wpp Plc from GBX 1,900 ($24.98) to GBX 1,697 ($22.31) and set an “overweight” rating for the company in a report on Monday, September 4th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Wpp Plc in a report on Wednesday, September 13th.

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In other Wpp Plc news, insider Jacques Aigrain acquired 4,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average cost of GBX 1,439 ($18.92) per share, with a total value of £57,560 ($75,677.10).

Shares of Wpp Plc (WPP) traded down 0.36% during trading on Wednesday, hitting GBX 1402.00. 2,228,485 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of GBX 1,409.08 and a 200-day moving average price of GBX 1,595.02. Wpp Plc has a one year low of GBX 1,345.00 and a one year high of GBX 1,928.07. The stock’s market cap is GBX 17.75 billion.

The business also recently declared a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be paid a dividend of GBX 22.70 ($0.30) per share. The ex-dividend date is Thursday, October 5th. This represents a yield of 1.55%.

Wpp Plc 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 & Identity, Healthcare 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.

Analyst Recommendations for Wpp Plc (LON:WPP)

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