Wpp Plc (LON:WPP) had its price target reduced by Credit Suisse Group from GBX 1,600 ($21.04) to GBX 1,500 ($19.73) in a research note issued to investors on Thursday, November 2nd, Marketbeat Ratings reports. Credit Suisse Group currently has an outperform rating on the stock.
WPP has been the subject of a number of other reports. Shore Capital reissued a buy rating on shares of Wpp Plc in a research report on Monday, October 23rd. Goldman Sachs Group, Inc. (The) reissued a buy rating on shares of Wpp Plc in a research report on Wednesday, September 13th. Liberum Capital reissued a buy rating and set a GBX 1,865 ($24.53) price target on shares of Wpp Plc in a research report on Monday, October 2nd. Barclays PLC reissued an overweight rating and set a GBX 2,025 ($26.63) price target on shares of Wpp Plc in a research report on Friday, July 7th. Finally, Deutsche Bank AG reissued a hold rating and set a GBX 1,750 ($23.02) price target on shares of Wpp Plc in a research report on Wednesday, October 25th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 1,773 ($23.32).
Wpp Plc (LON:WPP) traded down GBX 1.50 ($0.02) during mid-day trading on Thursday, reaching GBX 1,265.50 ($16.64). 1,588,470 shares of the company were exchanged, compared to its average volume of 5,240,000. Wpp Plc has a one year low of GBX 1,238.45 ($16.29) and a one year high of GBX 1,928.07 ($25.36).
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The business also recently declared a dividend, which was paid on Monday, November 6th. Investors of record on Thursday, October 5th were paid a GBX 22.70 ($0.30) dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a yield of 1.55%.
In related news, insider Jacques Aigrain purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average price of GBX 1,439 ($18.93) per share, with a total value of £57,560 ($75,706.96).
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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