The Wpp Plc (WPP) Given Hold Rating at Deutsche Bank AG

The Wpp Plc (WPP) Given Hold Rating at Deutsche Bank AG

Deutsche Bank AG reissued their hold rating on shares of Wpp Plc (LON:WPP) in a research report sent to investors on Wednesday. Deutsche Bank AG currently has a GBX 1,750 ($23.09) price target on the stock.

A number of other analysts have also weighed in on the stock. Shore Capital reaffirmed a buy rating on shares of Wpp Plc in a research note on Monday. Liberum Capital reaffirmed a buy rating and issued a GBX 1,865 ($24.61) price target on shares of Wpp Plc in a research note on Monday, October 2nd. Citigroup Inc reaffirmed a buy rating and issued a GBX 2,100 ($27.71) price target on shares of Wpp Plc in a research note on Thursday, September 28th. Morgan Stanley lowered shares of Wpp Plc to an equal weight rating and reduced their price target for the stock from GBX 1,930 ($25.47) to GBX 1,600 ($21.11) in a research note on Tuesday, September 26th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Wpp Plc in a research note on Wednesday, September 13th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 1,830.48 ($24.16).

Shares of Wpp Plc (WPP) remained flat at GBX 1326.00 on Wednesday. 4,811,297 shares of the stock were exchanged. The firm’s market cap is GBX 16.79 billion. The stock has a 50-day moving average price of GBX 1,383.65 and a 200-day moving average price of GBX 1,565.74. Wpp Plc has a 52 week low of GBX 1,314.00 and a 52 week high of GBX 1,928.07.

The company also recently declared a dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, October 5th will be issued a dividend of GBX 22.70 ($0.30) per share. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.55%.

In related news, insider Jacques Aigrain acquired 4,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were purchased at an average price of GBX 1,439 ($18.99) per share, for a total transaction of £57,560 ($75,956.72).

About Wpp Plc

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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