Morgan Stanley reissued their neutral rating on shares of WPP (LON:WPP) in a research note issued to investors on Monday morning, Borsen Zeitung reports. Morgan Stanley currently has a GBX 900 ($11.84) price objective on the stock.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on WPP from GBX 1,100 ($14.47) to GBX 1,150 ($15.13) and gave the company an overweight rating in a report on Tuesday, January 14th. Citigroup reiterated a buy rating and issued a GBX 1,260 ($16.57) target price on shares of WPP in a research note on Wednesday, January 8th. Deutsche Bank reiterated a buy rating and issued a GBX 1,090 ($14.34) target price on shares of WPP in a research note on Thursday, February 27th. Shore Capital reiterated a buy rating on shares of WPP in a research note on Thursday, February 27th. Finally, Kepler Capital Markets reaffirmed a neutral rating and issued a GBX 1,000 ($13.15) price objective on shares of WPP in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 1,051.67 ($13.83).

Shares of LON:WPP traded down GBX 27.60 ($0.36) on Monday, reaching GBX 727.40 ($9.57). The company had a trading volume of 6,901,669 shares, compared to its average volume of 6,860,000. WPP has a 52-week low of GBX 796.90 ($10.48) and a 52-week high of GBX 1,085.50 ($14.28). The firm’s 50 day simple moving average is GBX 947.49 and its 200-day simple moving average is GBX 982.11. The firm has a market capitalization of $9.02 billion and a PE ratio of 13.06. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 87.58.

The firm also recently declared a dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, June 11th will be paid a dividend of GBX 37.30 ($0.49) per share. This is a positive change from WPP’s previous dividend of $22.70. The ex-dividend date is Thursday, June 11th. This represents a dividend yield of 4.8%. WPP’s payout ratio is presently 1.08%.

In related news, insider Jasmine Whitbread bought 3,330 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average price of GBX 742 ($9.76) per share, with a total value of £24,708.60 ($32,502.76).

About WPP

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 Consulting, Health & Wellness 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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Analyst Recommendations for WPP (LON:WPP)

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