WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) shares saw unusually-high trading volume on Thursday . Approximately 121,387 shares traded hands during trading, an increase of 32% from the previous session’s volume of 92,022 shares.The stock last traded at $118.37 and had previously closed at $117.08.

WPPGY has been the subject of several research analyst reports. 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 target price for the company in a report on Monday, May 2nd. Wedbush upped their target price 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. WPP plc – American Depositary Shares each representing five has a consensus rating of “Hold” and an average price target of $133.00.

The firm has a market capitalization of $30.23 billion and a PE ratio of 20.50. The company’s 50 day moving average is $112.20 and its 200-day moving average is $112.22.

An institutional investor recently raised its position in WPP plc – American Depositary Shares each representing five stock. US Bancorp DE raised 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 13F filing with the Securities and Exchange Commission (SEC). 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 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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