Shares of Wpp Plc (LON:WPP) were down 1.9% during mid-day trading on Wednesday . The stock traded as low as GBX 1,358 ($17.85) and last traded at GBX 1,372 ($18.04). Approximately 6,741,744 shares were traded during trading, an increase of 21% from the average daily volume of 5,576,560 shares. The stock had previously closed at GBX 1,399 ($18.39).
A number of brokerages recently commented on WPP. Shore Capital lowered Wpp Plc to a “hold” rating in a research note on Tuesday, June 27th. Barclays PLC reissued an “overweight” rating and set a GBX 2,025 ($26.62) price target on shares of Wpp Plc in a research note on Friday, July 7th. Jefferies Group LLC reissued a “buy” rating and set a GBX 2,000 ($26.30) price target on shares of Wpp Plc in a research note on Tuesday, July 11th. Credit Suisse Group reissued an “outperform” rating and set a GBX 1,920 ($25.24) price target on shares of Wpp Plc in a research note on Thursday, July 13th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Wpp Plc in a research note on Friday, July 14th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,830.48 ($24.07).
The company also recently declared a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be paid a dividend of GBX 22.70 ($0.30) per share. This represents a yield of 1.55%. The ex-dividend date is Thursday, October 5th.
In other news, insider Jacques Aigrain purchased 4,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of GBX 1,439 ($18.92) per share, for a total transaction of £57,560 ($75,677.10).
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About Wpp Plc
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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