Wpp Plc (LON:WPP)‘s stock had its “buy” rating restated by research analysts at Goldman Sachs Group Inc. in a research report issued on Wednesday. They presently have a GBX 1,989 ($25.96) price objective on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 9.11% from the stock’s previous close.
Several other analysts have also issued reports on WPP. BNP Paribas increased their price objective on Wpp Plc from GBX 1,700 ($22.19) to GBX 1,750 ($22.84) and gave the stock an “outperform” rating in a report on Wednesday, June 1st. Liberum Capital reiterated a “hold” rating and set a GBX 1,800 ($23.50) price objective on shares of Wpp Plc in a report on Wednesday, September 14th. Jefferies Group reiterated a “buy” rating and set a GBX 1,850 ($24.15) price objective on shares of Wpp Plc in a report on Wednesday, June 1st. Deutsche Bank AG increased their price objective on Wpp Plc from GBX 1,755 ($22.91) to GBX 1,890 ($24.67) and gave the stock a “buy” rating in a report on Thursday, August 25th. Finally, Barclays PLC cut their price objective on Wpp Plc from GBX 1,900 ($24.80) to GBX 1,800 ($23.50) and set an “overweight” rating for the company in a report on Monday, July 4th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Wpp Plc has a consensus rating of “Buy” and an average target price of GBX 1,827.36 ($23.85).
Wpp Plc (LON:WPP) opened at 1823.00 on Wednesday. The company has a 50-day moving average price of GBX 1,781.61 and a 200-day moving average price of GBX 1,657.98. Wpp Plc has a one year low of GBX 1,204.00 and a one year high of GBX 1,875.00. The stock’s market cap is GBX 23.41 billion.
The company also recently announced a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, October 6th will be paid a GBX 19.55 ($0.26) dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 6th.
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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