Wpp Plc (NYSE:WPP) Given Average Recommendation of “Hold” by Brokerages

Shares of Wpp Plc (NYSE:WPP) have earned a consensus rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company.

Several research analysts recently weighed in on WPP shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WPP in a research report on Tuesday, June 16th. Rothschild & Co Redburn initiated coverage on WPP in a research report on Thursday, May 28th. They set a “buy” rating for the company. Berenberg Bank assumed coverage on WPP in a research note on Tuesday, June 9th. They set a “buy” rating for the company. The Goldman Sachs Group began coverage on WPP in a report on Wednesday, June 3rd. They issued a “sell” rating on the stock. Finally, Citigroup reiterated a “neutral” rating on shares of WPP in a report on Thursday, April 30th.

Hedge Funds Weigh In On WPP

Large investors have recently modified their holdings of the stock. Legacy Wealth Asset Management LLC lifted its position in shares of WPP by 6.4% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 18,988 shares of the business services provider’s stock worth $294,000 after buying an additional 1,146 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of WPP in the 1st quarter valued at about $1,619,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of WPP during the 1st quarter valued at about $609,000. Sei Investments Co. grew its position in shares of WPP by 115.7% during the 1st quarter. Sei Investments Co. now owns 48,528 shares of the business services provider’s stock valued at $755,000 after buying an additional 26,031 shares during the last quarter. Finally, NewEdge Wealth LLC raised its stake in WPP by 68.8% during the first quarter. NewEdge Wealth LLC now owns 26,640 shares of the business services provider’s stock worth $414,000 after acquiring an additional 10,862 shares during the period. Institutional investors own 4.34% of the company’s stock.

WPP Stock Performance

Shares of NYSE:WPP opened at $18.77 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.48. WPP has a one year low of $14.81 and a one year high of $29.28. The business’s fifty day moving average price is $18.06 and its two-hundred day moving average price is $18.20.

WPP Company Profile

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.