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.