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

WPPGY has been the subject of a number of 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 price objective for the company in a report on Monday, May 2nd. Wedbush boosted 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 report on Friday, April 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $133.00.

The firm’s 50-day moving average price is $112.39 and its 200 day moving average price is $112.22. The company has a market cap of $30.23 billion and a PE ratio of 20.50.

A hedge fund recently raised its stake in WPP plc – American Depositary Shares each representing five stock. US Bancorp DE increased its position 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 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 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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