WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) gapped down before the market opened on Thursday . The stock had previously closed at $105.11, but opened at $105.33. WPP plc – American Depositary Shares each representing five shares last traded at $105.66, with a volume of 53,710 shares trading hands.

A number of equities research analysts recently weighed in on WPPGY shares. Zacks Investment Research cut WPP plc – American Depositary Shares each representing five from a “hold” rating to a “sell” rating in a report on Thursday, April 14th. Wedbush raised their price target on WPP plc – American Depositary Shares each representing five from $132.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, April 29th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $133.00.

The company’s 50 day moving average is $111.00 and its 200-day moving average is $111.25. The stock has a market capitalization of $27.03 billion and a P/E ratio of 17.78.

An institutional investor recently raised its position in WPP plc – American Depositary Shares each representing five stock. US Bancorp DE increased its stake in shares of WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) by 6.5% during the fourth quarter, Holdings Channel reports. The firm owned 173,222 shares of the company’s stock after buying an additional 10,605 shares during the period. US Bancorp DE owned approximately 0.07% of WPP plc – American Depositary Shares each representing five worth $19,876,000 at the end of the most recent quarter.

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.

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