UBS Group reissued their buy rating on shares of WPP (LON:WPP) in a report published on Wednesday, www.digitallook.com reports. The brokerage currently has a GBX 1,520 ($19.61) price target on the stock, down from their prior price target of GBX 1,660 ($21.41).

A number of other brokerages also recently weighed in on WPP. Citigroup reissued a buy rating on shares of WPP in a report on Friday, May 18th. Liberum Capital reaffirmed a buy rating on shares of WPP in a research note on Monday, May 14th. Deutsche Bank reaffirmed a hold rating and set a GBX 1,510 ($19.48) price objective on shares of WPP in a research note on Thursday, August 23rd. Berenberg Bank reaffirmed a sell rating and set a GBX 1,075 ($13.87) price objective on shares of WPP in a research note on Thursday, August 30th. Finally, Shore Capital reaffirmed a hold rating on shares of WPP in a research note on Friday, August 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. WPP currently has an average rating of Hold and an average price target of GBX 1,466.74 ($18.92).

Shares of LON WPP opened at GBX 1,165 ($15.03) on Wednesday. WPP has a twelve month low of GBX 1,121.44 ($14.47) and a twelve month high of GBX 1,774 ($22.88).

The company also recently disclosed a dividend, which will be paid on Monday, November 5th. Shareholders of record on Thursday, October 4th will be paid a dividend of GBX 22.70 ($0.29) per share. This represents a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 4th.

In other news, insider Mark Read acquired 10,000 shares of WPP stock in a transaction on Thursday, September 6th. The stock was bought at an average cost of GBX 1,145 ($14.77) per share, with a total value of £114,500 ($147,703.82).

WPP 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 Consulting, Health & Wellness 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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Analyst Recommendations for WPP (LON:WPP)

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