WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) gapped up prior to trading on Wednesday . The stock had previously closed at $106.97, but opened at $108.33. WPP plc – American Depositary Shares each representing five shares last traded at $111.38, with a volume of 88,549 shares.

Several equities research analysts recently issued reports on WPPGY shares. Zacks Investment Research raised WPP plc – American Depositary Shares each representing five from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Monday, May 2nd. Wedbush upped their target price on WPP plc – American Depositary Shares each representing five from $132.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, April 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $133.00.

The stock has a market cap of $28.52 billion and a P/E ratio of 19.03. The firm has a 50-day moving average of $109.52 and a 200 day moving average of $110.91.

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, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.07% of WPP plc – American Depositary Shares each representing five worth $19,876,000 as of its most recent filing with the SEC.

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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