UBS Group reissued their buy rating on shares of WPP (LON:WPP) in a research report report published on Wednesday morning, investing.thisismoney.co.uk reports. UBS Group currently has a GBX 1,520 ($19.61) target price on the stock, down from their previous target price of GBX 1,660 ($21.41).
Several other equities research analysts also recently weighed in on WPP. Barclays reissued an equal weight rating on shares of WPP in a report on Wednesday. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 1,620 ($20.90) price objective on shares of WPP in a report on Wednesday. Credit Suisse Group cut their target price on WPP from GBX 1,400 ($18.06) to GBX 1,320 ($17.03) and set a neutral rating on the stock in a report on Wednesday. Deutsche Bank cut their target price on WPP from GBX 1,510 ($19.48) to GBX 1,430 ($18.45) and set a hold rating on the stock in a report on Wednesday. Finally, Kepler Capital Markets reaffirmed a buy rating on shares of WPP in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 1,466.74 ($18.92).
Shares of WPP stock opened at GBX 1,140.25 ($14.71) on Wednesday. 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).
The firm also recently disclosed a dividend, which will be paid on Monday, November 5th. Stockholders of record on Thursday, October 4th will be given a GBX 22.70 ($0.29) dividend. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 4th.
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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