Wpp Plc (WPPGY) Downgraded by Deutsche Bank AG
Deutsche Bank AG downgraded shares of Wpp Plc (NASDAQ:WPPGY) from a buy rating to a hold rating in a research report report published on Monday, The Fly reports.
Other equities analysts also recently issued reports about the company. UBS AG assumed coverage on Wpp Plc in a report on Tuesday, June 13th. They issued a buy rating on the stock. ValuEngine downgraded Wpp Plc from a buy rating to a hold rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Wpp Plc from a hold rating to a buy rating and set a $124.00 price objective on the stock in a report on Friday, May 19th. Wells Fargo & Company reiterated a hold rating on shares of Wpp Plc in a research note on Wednesday, April 12th. Finally, BidaskClub lowered Wpp Plc from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Wpp Plc currently has a consensus rating of Hold and an average price target of $121.50.
Wpp Plc (NASDAQ:WPPGY) opened at 101.33 on Monday. The firm has a 50-day moving average price of $105.72 and a 200 day moving average price of $109.71. The firm has a market capitalization of $25.68 billion, a P/E ratio of 14.56 and a beta of 1.20. Wpp Plc has a 52-week low of $99.94 and a 52-week high of $121.55.
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Several large investors have recently bought and sold shares of WPPGY. Renaissance Technologies LLC raised its stake in Wpp Plc by 63.3% in the fourth quarter. Renaissance Technologies LLC now owns 74,329 shares of the business services provider’s stock worth $8,225,000 after buying an additional 28,800 shares during the period. Cardinal Capital Management Inc. raised its stake in shares of Wpp Plc by 19.6% in the second quarter. Cardinal Capital Management Inc. now owns 54,060 shares of the business services provider’s stock worth $5,698,000 after buying an additional 8,845 shares during the period. Sky Investment Group LLC raised its stake in shares of Wpp Plc by 3.3% in the second quarter. Sky Investment Group LLC now owns 24,187 shares of the business services provider’s stock worth $2,550,000 after buying an additional 782 shares during the period. Geode Capital Management LLC raised its stake in shares of Wpp Plc by 11.6% in the first quarter. Geode Capital Management LLC now owns 12,846 shares of the business services provider’s stock worth $1,405,000 after buying an additional 1,332 shares during the period. Finally, Creative Planning raised its stake in shares of Wpp Plc by 6.1% in the second quarter. Creative Planning now owns 8,917 shares of the business services provider’s stock worth $940,000 after buying an additional 514 shares during the period. Institutional investors and hedge funds own 3.97% of the company’s stock.
About Wpp Plc
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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