Wpp Plc (WPPGY) Receives Hold Rating from Pivotal Research
Wpp Plc (NASDAQ:WPPGY)‘s stock had its “hold” rating reissued by stock analysts at Pivotal Research in a research note issued to investors on Tuesday.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Wpp Plc from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Jefferies Group cut shares of Wpp Plc from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Wpp Plc has a consensus rating of “Hold” and a consensus target price of $133.00.
Shares of Wpp Plc (NASDAQ:WPPGY) opened at 110.03 on Tuesday. The company’s 50-day moving average is $116.13 and its 200-day moving average is $114.13. The stock has a market cap of $28.26 billion, a P/E ratio of 26.87 and a beta of 1.32. Wpp Plc has a 1-year low of $95.67 and a 1-year high of $121.55.
A number of hedge funds and other institutional investors have recently made changes to their positions in WPPGY. Duff & Phelps Investment Management Co. purchased a new position in shares of Wpp Plc during the third quarter worth $3,655,000. MSI Financial Services Inc raised its position in shares of Wpp Plc by 17.5% in the third quarter. MSI Financial Services Inc now owns 859 shares of the company’s stock worth $101,000 after buying an additional 128 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Wpp Plc by 0.4% in the third quarter. Capstone Asset Management Co. now owns 73,314 shares of the company’s stock worth $8,631,000 after buying an additional 257 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Wpp Plc during the third quarter worth $240,000. Finally, Creative Planning raised its position in shares of Wpp Plc by 5.4% in the third quarter. Creative Planning now owns 8,297 shares of the company’s stock worth $977,000 after buying an additional 426 shares during the last quarter. Institutional investors own 4.82% of the company’s stock.
Wpp Plc Company Profile
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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