WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) gapped up before the market opened 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 changing hands.

WPPGY has been the subject of several research analyst reports. 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 increased their price objective on WPP plc – American Depositary Shares each representing five from $132.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $133.00.

The stock has a 50-day moving average of $109.40 and a 200 day moving average of $110.91. The stock has a market capitalization of $28.32 billion and a PE ratio of 18.96.

An institutional investor recently raised its position in WPP plc – American Depositary Shares each representing five stock. US Bancorp DE increased 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 filing with the SEC. 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 as of its most recent SEC filing.

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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