Wpp Plc’s (WPP) “Buy” Rating Reaffirmed at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reiterated their buy rating on shares of Wpp Plc (LON:WPP) in a research report sent to investors on Wednesday morning. Goldman Sachs Group Inc. currently has a GBX 1,989 ($25.96) price objective on the stock.
A number of other analysts also recently commented on WPP. Jefferies Group reiterated a buy rating and issued a GBX 1,850 ($24.15) target price on shares of Wpp Plc in a report on Wednesday, June 1st. BNP Paribas lifted their target price on shares of Wpp Plc from GBX 1,700 ($22.19) to GBX 1,750 ($22.84) and gave the stock an outperform rating in a research report on Wednesday, June 1st. Deutsche Bank AG reissued a buy rating and issued a GBX 1,755 ($22.91) target price on shares of Wpp Plc in a research report on Friday, June 3rd. JPMorgan Chase & Co. lifted their target price on shares of Wpp Plc from GBX 1,880 ($24.54) to GBX 1,930 ($25.19) and gave the stock an overweight rating in a research report on Thursday, June 23rd. Finally, HSBC dropped their target price on shares of Wpp Plc from GBX 1,800 ($23.50) to GBX 1,750 ($22.84) and set a hold rating on the stock in a research report on Tuesday, June 28th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Wpp Plc presently has a consensus rating of Buy and a consensus price target of GBX 1,827.36 ($23.85).
Wpp Plc (LON:WPP) opened at 1832.00 on Wednesday. Wpp Plc has a 52 week low of GBX 1,204.00 and a 52 week high of GBX 1,875.00. The stock has a 50 day moving average of GBX 1,784.83 and a 200-day moving average of GBX 1,662.75. The stock’s market cap is GBX 23.52 billion.
The firm also recently disclosed a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, October 6th will be paid a GBX 19.55 ($0.26) dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 6th.
Wpp Plc Company Profile
WPP plc (WPP) operates in four segments: Advertising and Media Investment Management; Consumer Insight; Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications. Advertising and Media Investment Management, where it operates advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network.
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