Wpp Plc (LON:WPP) declared a dividend on Tuesday, September 4th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 4th will be given a dividend of GBX 22.70 ($0.29) per share on Monday, November 5th. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 4th. The official announcement can be accessed at this link.
Shares of WPP stock traded down GBX 38.50 ($0.50) on Wednesday, hitting GBX 1,158 ($14.94). The company’s stock had a trading volume of 3,086,878 shares, compared to its average volume of 6,860,000. WPP has a fifty-two week low of GBX 1,121.44 ($14.47) and a fifty-two week high of GBX 1,774 ($22.88).
Several equities analysts recently commented on the stock. BMO Capital Markets restated a “market perform” rating and issued a GBX 1,300 ($16.77) price target on shares of WPP in a research note on Wednesday. UBS Group restated a “buy” rating and issued a GBX 1,520 ($19.61) price target (down from GBX 1,660 ($21.41)) on shares of WPP in a research note on Wednesday. Barclays restated an “equal weight” rating on shares of WPP in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of WPP from GBX 1,747 ($22.54) to GBX 1,620 ($20.90) and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Credit Suisse Group decreased their price target on shares of WPP from GBX 1,400 ($18.06) to GBX 1,320 ($17.03) and set a “neutral” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. WPP currently has an average rating of “Hold” and an average target price of GBX 1,466.74 ($18.92).
WPP Company Profile
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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