Brokerages Set Wpp Plc (LON:WPP) Target Price at GBX 1,153.75

Wpp Plc (LON:WPP) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 1,096.11 ($14.32).

WPP has been the subject of a number of research reports. HSBC lowered their price objective on shares of WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a “hold” rating for the company in a research note on Thursday, July 4th. Goldman Sachs Group reaffirmed a “buy” rating on shares of WPP in a research note on Tuesday. Shore Capital reaffirmed a “buy” rating on shares of WPP in a research note on Friday, August 9th. JPMorgan Chase & Co. upped their price objective on shares of WPP from GBX 1,100 ($14.37) to GBX 1,125 ($14.70) and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Deutsche Bank upped their price objective on shares of WPP from GBX 1,070 ($13.98) to GBX 1,090 ($14.24) and gave the stock a “buy” rating in a research note on Monday, August 12th.

LON:WPP traded up GBX 15.60 ($0.20) during mid-day trading on Friday, reaching GBX 952.60 ($12.45). The company’s stock had a trading volume of 2,998,896 shares, compared to its average volume of 6,860,000. WPP has a 1 year low of GBX 791 ($10.34) and a 1 year high of GBX 1,323.50 ($17.29). The stock has a fifty day moving average of GBX 958.76 and a 200-day moving average of GBX 917.21. The firm has a market capitalization of $12.02 billion and a PE ratio of 17.10. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 87.58.

The company also recently declared a dividend, which will be paid on Monday, November 4th. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 22.70 ($0.30) per share. This represents a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, October 3rd. WPP’s payout ratio is 1.08%.

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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