WPP’s (WPP) Hold Rating Reiterated at Deutsche Bank

Deutsche Bank reissued their hold rating on shares of WPP (LON:WPP) in a report released on Monday morning.

WPP has been the topic of several other research reports. Numis Securities restated an add rating and issued a GBX 1,515 ($21.13) price objective on shares of WPP in a research report on Thursday, March 1st. Morgan Stanley lowered their price objective on WPP from GBX 1,600 ($22.32) to GBX 1,475 ($20.57) and set an equal weight rating on the stock in a research report on Friday, March 2nd. Liberum Capital restated a buy rating and issued a GBX 1,815 ($25.31) price objective on shares of WPP in a research report on Friday, January 12th. Citigroup restated a buy rating on shares of WPP in a research report on Wednesday, January 10th. Finally, Societe Generale restated a buy rating and issued a GBX 1,940 ($27.06) price objective on shares of WPP in a research report on Friday, January 26th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 1,583.37 ($22.08).

Shares of LON WPP opened at GBX 1,116.50 ($15.57) on Monday. WPP has a 1 year low of GBX 1,121.44 ($15.64) and a 1 year high of GBX 1,774 ($24.74).

The company also recently disclosed a dividend, which will be paid on Monday, July 9th. Investors of record on Thursday, June 14th will be paid a GBX 37.30 ($0.52) dividend. This is an increase from WPP’s previous dividend of $22.70. This represents a yield of 2.91%. The ex-dividend date of this dividend is Thursday, June 14th.

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WPP 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.

Analyst Recommendations for WPP (LON:WPP)

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