JPMorgan Chase & Co. Reiterates Overweight Rating for WPP (LON:WPP)

JPMorgan Chase & Co. reissued their overweight rating on shares of WPP (LON:WPP) in a research report released on Wednesday, February 28th. They currently have a GBX 1,747 ($24.14) price target on the stock.

A number of other analysts have also recently commented on the stock. Barclays restated an equal weight rating and issued a GBX 1,500 ($20.72) price objective on shares of WPP in a research report on Wednesday, November 1st. Liberum Capital reaffirmed a buy rating and issued a GBX 1,815 ($25.08) target price on shares of WPP in a research note on Wednesday, November 29th. Shore Capital restated a buy rating on shares of WPP in a research note on Tuesday, October 31st. reiterated a buy rating and issued a GBX 1,600 ($22.11) target price on shares of WPP in a research note on Wednesday, November 1st. Finally, Deutsche Bank lowered their price target on shares of WPP from GBX 1,750 ($24.18) to GBX 1,510 ($20.86) and set a hold rating on the stock in a report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 1,621.05 ($22.40).

WPP (LON WPP) traded down GBX 3 ($0.04) during mid-day trading on Wednesday, reaching GBX 1,156 ($15.97). 4,320,000 shares of the company traded hands, compared to its average volume of 6,990,000. WPP has a 1 year low of GBX 1,154 ($15.94) and a 1 year high of GBX 1,774 ($24.51).

The company also recently announced a dividend, which will be paid on Monday, July 9th. Investors of record on Thursday, June 14th will be issued a dividend of GBX 37.30 ($0.52) per share. This represents a yield of 2.91%. The ex-dividend date of this dividend is Thursday, June 14th. This is a positive change from WPP’s previous dividend of $22.70.

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WPP 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 (LON:WPP)

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