Wpp Plc (LON:WPP) had its target price reduced by Credit Suisse Group from GBX 1,920 ($24.93) to GBX 1,600 ($20.77) in a report published on Thursday morning. They currently have an outperform rating on the stock.
Other analysts have also issued reports about the stock. Numis Securities Ltd reissued an add rating and set a GBX 1,975 ($25.64) target price on shares of Wpp Plc in a research note on Thursday, April 27th. Shore Capital reissued a buy rating on shares of Wpp Plc in a research note on Thursday, April 27th. Liberum Capital reissued a buy rating and set a GBX 2,000 ($25.96) target price on shares of Wpp Plc in a research note on Thursday, April 27th. Beaufort Securities reissued a buy rating and set a GBX 2,075 ($26.94) target price on shares of Wpp Plc in a research note on Friday, April 28th. Finally, Citigroup Inc. reaffirmed a buy rating on shares of Wpp Plc in a research note on Monday, May 15th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 1,862.29 ($24.18).
Shares of Wpp Plc (WPP) opened at 1437.00 on Thursday. Wpp Plc has a 1-year low of GBX 1,382.00 and a 1-year high of GBX 1,928.07. The firm has a 50-day moving average of GBX 1,558.75 and a 200 day moving average of GBX 1,685.29. The company’s market capitalization is GBX 18.20 billion.
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The company also recently announced a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be issued a GBX 22.70 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 1.55%.
Wpp Plc 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.
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