Wpp Plc (LON:WPP) was downgraded by stock analysts at Jefferies Group to a “hold” rating in a report released on Monday. They presently have a GBX 1,820 ($23.76) price objective on the stock, down from their previous price objective of GBX 1,850 ($24.15). Jefferies Group’s price objective would suggest a potential upside of 1.85% from the stock’s current price.
Several other equities analysts have also recently issued reports on the stock. Liberum Capital restated a “hold” rating and set a GBX 1,800 ($23.50) target price on shares of Wpp Plc in a research note on Wednesday, September 14th. Credit Suisse Group AG restated a “buy” rating and set a GBX 2,100 ($27.41) target price on shares of Wpp Plc in a research note on Friday, September 9th. Citigroup Inc. restated a “buy” rating and set a GBX 2,100 ($27.41) target price on shares of Wpp Plc in a research note on Friday, September 9th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,975 ($25.78) target price on shares of Wpp Plc in a research note on Thursday, September 8th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 2,100 ($27.41) target price on shares of Wpp Plc in a research note on Wednesday, August 31st. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,826.50 ($23.84).
Wpp Plc (LON:WPP) opened at 1787.00 on Monday. The company’s 50-day moving average is GBX 1,777.28 and its 200 day moving average is GBX 1,655.01. The stock’s market cap is GBX 22.95 billion. Wpp Plc has a 52 week low of GBX 1,204.00 and a 52 week high of GBX 1,875.00.
The firm also recently announced a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 19.55 ($0.26) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend 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.
Receive News & Ratings for Wpp Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wpp Plc and related companies with MarketBeat.com's FREE daily email newsletter.