Shares of WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) gapped down prior to trading on Wednesday . The stock had previously closed at $112.74, but opened at $113.53. WPP plc – American Depositary Shares each representing five shares last traded at $114.92, with a volume of 48,286 shares trading hands.

Several brokerages recently commented on WPPGY. Zacks Investment Research upgraded shares of 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 lifted their target price on shares of 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $133.00.

The firm has a market capitalization of $29.31 billion and a P/E ratio of 19.52. The stock has a 50-day moving average price of $109.68 and a 200 day moving average price of $111.52.

An institutional investor recently raised its position in WPP plc – American Depositary Shares each representing five stock. US Bancorp DE boosted 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 (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 approximately 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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