Wpp Plc (LON:WPP) had its price objective reduced by Liberum Capital from GBX 2,000 ($25.83) to GBX 1,865 ($24.09) in a research note published on Friday, September 8th. Liberum Capital currently has a buy rating on the stock.
A number of other equities research analysts have also issued reports on WPP. Citigroup Inc. reiterated a buy rating on shares of Wpp Plc in a research note on Monday, May 15th. Macquarie reiterated an outperform rating on shares of Wpp Plc in a research note on Tuesday, June 6th. Shore Capital reiterated a buy rating on shares of Wpp Plc in a research note on Thursday, June 8th. J P Morgan Chase & Co reissued an overweight rating on shares of Wpp Plc in a report on Thursday, June 8th. Finally, UBS AG initiated coverage on Wpp Plc in a report on Tuesday, June 13th. They issued a buy rating and a GBX 2,050 ($26.48) price target for the company. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of GBX 1,833.50 ($23.68).
Shares of Wpp Plc (LON:WPP) traded down 1.87% during trading on Friday, hitting GBX 1366.00. The stock had a trading volume of 6,710,209 shares. Wpp Plc has a 12-month low of GBX 1,361.00 and a 12-month high of GBX 1,928.07. The stock has a 50-day moving average of GBX 1,492.95 and a 200 day moving average of GBX 1,637.23. The firm’s market cap is GBX 17.30 billion.
The firm also recently announced a dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, October 5th will be given a GBX 22.70 ($0.29) dividend. This represents a yield of 1.55%. The ex-dividend date is Thursday, October 5th.
In other Wpp Plc news, insider Jacques Aigrain bought 4,000 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average cost of GBX 1,439 ($18.58) per share, for a total transaction of £57,560 ($74,338.11).
About Wpp Plc
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.
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