WPP plc American Depositary Shares (WPP) Downgraded by ValuEngine to “Hold”
ValuEngine lowered shares of WPP plc American Depositary Shares (NYSE:WPP) from a buy rating to a hold rating in a research report released on Sunday.
Other equities research analysts have also recently issued reports about the stock. Pivotal Research upgraded shares of WPP plc American Depositary Shares from a hold rating to a buy rating in a report on Tuesday, October 31st. Zacks Investment Research cut shares of WPP plc American Depositary Shares from a hold rating to a sell rating in a report on Wednesday, December 13th. Finally, Morgan Stanley cut shares of WPP plc American Depositary Shares from an overweight rating to an equal weight rating in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $116.00.
WPP plc American Depositary Shares (NYSE:WPP) traded down $0.45 on Friday, hitting $90.56. 101,200 shares of the stock traded hands, compared to its average volume of 157,449. WPP plc American Depositary Shares has a 52 week low of $82.44 and a 52 week high of $119.12. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.67.
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WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.
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