Wpp Plc (WPP) Price Target Cut to GBX 1,700
Wpp Plc (LON:WPP) had its price target decreased by Macquarie from GBX 1,800 ($23.37) to GBX 1,700 ($22.07) in a research note released on Thursday morning, Marketbeat reports. Macquarie currently has an outperform rating on the stock.
Several other analysts also recently commented on WPP. UBS AG assumed coverage on Wpp Plc in a research note on Tuesday, June 13th. They issued a buy rating and a GBX 2,050 ($26.61) target price for the company. Liberum Capital reiterated a buy rating and set a GBX 2,000 ($25.96) price target on shares of Wpp Plc in a research note on Wednesday, August 23rd. Investec reiterated a hold rating on shares of Wpp Plc in a research note on Wednesday, August 23rd. Shore Capital reiterated a hold rating on shares of Wpp Plc in a research note on Monday, August 14th. Finally, HSBC Holdings plc cut their price target on Wpp Plc from GBX 2,000 ($25.96) to GBX 1,850 ($24.02) and set a buy rating for the company in a research note on Thursday. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 1,862.29 ($24.18).
Shares of Wpp Plc (LON:WPP) opened at 1437.00 on Thursday. The stock’s market capitalization is GBX 18.20 billion. The stock’s 50 day moving average price is GBX 1,558.75 and its 200-day moving average price is GBX 1,685.29. Wpp Plc has a 1-year low of GBX 1,382.00 and a 1-year high of GBX 1,928.07.
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The firm also recently announced a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be issued a dividend of GBX 22.70 ($0.29) per share. 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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