WPP plc (LON:WPP – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 1,125.88 ($14.09).
A number of analysts have commented on WPP shares. Bank of America reduced their price objective on WPP from GBX 890 ($11.14) to GBX 870 ($10.89) in a research report on Sunday, July 2nd. JPMorgan Chase & Co. lowered their price target on shares of WPP from GBX 1,260 ($15.77) to GBX 1,200 ($15.02) in a report on Monday, August 7th. Credit Suisse Group reduced their price objective on shares of WPP from GBX 1,260 ($15.77) to GBX 1,245 ($15.58) in a report on Friday, June 30th. Finally, Barclays lowered their target price on shares of WPP from GBX 1,250 ($15.64) to GBX 1,150 ($14.39) in a research note on Monday, August 7th.
Get Our Latest Report on WPP
Insider Buying and Selling at WPP
In other WPP news, insider Simon Dingemans bought 4,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were bought at an average price of GBX 820 ($10.26) per share, for a total transaction of £32,800 ($41,046.18). Corporate insiders own 0.24% of the company’s stock.
WPP Stock Down 1.7 %
LON WPP opened at GBX 759.20 ($9.50) on Monday. WPP has a twelve month low of GBX 713 ($8.92) and a twelve month high of GBX 1,082 ($13.54). The stock has a market cap of £8.12 billion, a PE ratio of 1,552.24, a PEG ratio of 3.27 and a beta of 1.23. The firm has a 50-day simple moving average of GBX 795.67 and a 200 day simple moving average of GBX 868.95. The company has a debt-to-equity ratio of 187.82, a quick ratio of 0.89 and a current ratio of 0.88.
WPP Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, October 12th will be issued a dividend of GBX 15 ($0.19) per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a yield of 1.77%. WPP’s dividend payout ratio is 7,959.18%.
WPP Company Profile
(Get Free Report
WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.
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