Wpp Plc (LON:WPP) had its price objective raised by equities research analysts at HSBC from GBX 1,900 ($23.16) to GBX 2,050 ($24.98) in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. HSBC’s target price would suggest a potential upside of 13.57% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Numis Securities Ltd restated an “add” rating and set a GBX 1,775 ($21.63) price objective on shares of Wpp Plc in a research report on Friday, August 5th. Jefferies Group restated a “buy” rating and set a GBX 1,850 ($22.55) price objective on shares of Wpp Plc in a research report on Wednesday, June 29th. Societe Generale upgraded Wpp Plc to a “buy” rating and decreased their price objective for the company from GBX 2,050 ($24.98) to GBX 1,975 ($24.07) in a research report on Wednesday, July 13th. Shore Capital restated a “buy” rating on shares of Wpp Plc in a research report on Thursday, August 18th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 1,970 ($24.01) price objective on shares of Wpp Plc in a research report on Thursday, August 25th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 1,834.18 ($22.35).
Wpp Plc (LON:WPP) opened at 1818.00 on Friday. The stock has a 50 day moving average price of GBX 1,799.11 and a 200-day moving average price of GBX 1,677.64. The stock’s market cap is GBX 23.34 billion. Wpp Plc has a 1-year low of GBX 1,204.00 and a 1-year high of GBX 1,875.00.
The company also recently announced a dividend, which will be paid on Monday, November 7th. Investors of record on Thursday, October 6th will be paid a GBX 19.55 ($0.24) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.1%.
Wpp Plc Company Profile
WPP plc (WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications. Advertising and Media Investment Management, where it operates advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network.
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