Wpp Plc (WPP) Trading 0.6% Higher
Shares of Wpp Plc (LON:WPP) traded up 0.6% during mid-day trading on Wednesday . The stock traded as high as GBX 1,396 ($18.03) and last traded at GBX 1,393 ($17.99). 3,914,340 shares were traded during mid-day trading, a decline of 16% from the average session volume of 4,684,130 shares. The stock had previously closed at GBX 1,385 ($17.89).
Several analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Wpp Plc in a report on Wednesday. Liberum Capital reduced their price target on shares of Wpp Plc from GBX 2,000 ($25.83) to GBX 1,865 ($24.09) and set a “buy” rating on the stock in a report on Friday, September 8th. J P Morgan Chase & Co reduced their price target on shares of Wpp Plc from GBX 1,900 ($24.54) to GBX 1,697 ($21.92) and set an “overweight” rating on the stock in a report on Monday, September 4th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,840 ($23.76) price target on shares of Wpp Plc in a report on Friday, August 25th. Finally, Beaufort Securities reduced their price target on shares of Wpp Plc from GBX 2,075 ($26.80) to GBX 1,600 ($20.66) and set a “buy” rating on the stock in a report on Thursday, August 24th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,833.50 ($23.68).
The company’s market capitalization is GBX 17.49 billion. The company has a 50-day moving average of GBX 1,497.89 and a 200 day moving average of GBX 1,639.12.
The company also recently declared a dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, October 5th will be given a dividend of GBX 22.70 ($0.29) per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a dividend yield of 1.55%.
In other news, insider Jacques Aigrain purchased 4,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of GBX 1,439 ($18.58) per share, with a total value of £57,560 ($74,338.11).
Wpp Plc Company Profile
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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