WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) hit a new 52-week high during trading on Wednesday . The company traded as high as $121.37 and last traded at $117.90, with a volume of 185,447 shares trading hands. The stock had previously closed at $115.01.

A number of brokerages recently commented on WPPGY. Zacks Investment Research raised 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 on the stock in a research note on Monday, May 2nd. Wedbush increased 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 research note 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. 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 $111.70 and a 200-day moving average of $112.14. The stock has a market cap of $30.09 billion and a P/E ratio of 20.57.

An institutional investor recently raised its position in WPP plc – American Depositary Shares each representing five stock. US Bancorp DE boosted its stake in shares of 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 firm 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 reporting period.

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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