JPMorgan Chase & Co. reaffirmed their overweight rating on shares of WPP (LON:WPP) in a research note published on Wednesday morning. JPMorgan Chase & Co. currently has a GBX 1,620 ($20.90) target price on the stock.
A number of other analysts have also commented on the company. Credit Suisse Group lowered their price objective on WPP from GBX 1,400 ($18.06) to GBX 1,320 ($17.03) and set a neutral rating for the company in a research report on Wednesday. Deutsche Bank lowered their price objective on WPP from GBX 1,510 ($19.48) to GBX 1,430 ($18.45) and set a hold rating for the company in a research report on Wednesday. Kepler Capital Markets reiterated a buy rating on shares of WPP in a research report on Tuesday. Liberum Capital reiterated a buy rating and issued a GBX 1,750 ($22.57) price objective on shares of WPP in a research report on Monday, September 3rd. Finally, Shore Capital reiterated a hold rating on shares of WPP in a research report on Friday, August 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 1,466.74 ($18.92).
Shares of WPP stock opened at GBX 1,165 ($15.03) on Wednesday. WPP has a 12 month low of GBX 1,121.44 ($14.47) and a 12 month high of GBX 1,774 ($22.88).
The business also recently announced a dividend, which will be paid on Monday, November 5th. Shareholders of record on Thursday, October 4th will be issued a dividend of GBX 22.70 ($0.29) per share. This represents a yield of 1.9%. The ex-dividend date is Thursday, October 4th.
In related news, insider Mark Read bought 10,000 shares of WPP stock in a transaction on Thursday, September 6th. The shares were purchased at an average price of GBX 1,145 ($14.77) per share, for a total transaction of £114,500 ($147,703.82).
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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