WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) gapped down prior to trading 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 changing hands.

A number of brokerages have recently weighed in on WPPGY. Zacks Investment Research lowered shares of WPP plc – American Depositary Shares each representing five from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Wedbush raised their price objective on shares of 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $133.00.

The company has a 50 day moving average of $110.78 and a 200 day moving average of $111.21. The company has a market cap of $27.41 billion and a PE ratio of 18.26.

An institutional investor recently raised its position in WPP plc – American Depositary Shares each representing five stock. US Bancorp DE raised its stake in WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) by 6.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 173,222 shares of the company’s stock after buying an additional 10,605 shares during the period. US Bancorp DE owned about 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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