WPP plc – American Depositary Shares each representing five (NASDAQ:WPPGY) shares gapped up before the market opened on Thursday . The stock had previously closed at $115.61, but opened at $115.87. WPP plc – American Depositary Shares each representing five shares last traded at $117.51, with a volume of 182,297 shares changing hands.

Separately, Zacks Investment Research lowered WPP plc – American Depositary Shares each representing five from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $133.00.

The firm has a 50 day moving average of $113.81 and a 200-day moving average of $112.87. The company has a market cap of $30.26 billion and a P/E ratio of 20.31.

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 disclosure 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 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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