WPP (WPP) Earns “Hold” Rating from Kepler Capital Markets
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of WPP from a sell rating to a hold rating in a research report on Saturday, June 30th. Pivotal Research raised shares of WPP from a hold rating to a buy rating in a research report on Thursday. ValuEngine raised shares of WPP from a strong sell rating to a sell rating in a research report on Thursday, August 23rd. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of WPP in a research report on Monday, July 23rd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $107.00.
Shares of WPP stock opened at $55.91 on Friday. The company has a market cap of $14.13 billion, a PE ratio of 7.20, a P/E/G ratio of 1.83 and a beta of 1.12. WPP has a 52 week low of $55.17 and a 52 week high of $103.53.
A number of hedge funds and other institutional investors have recently bought and sold shares of WPP. Wells Fargo & Company MN acquired a new stake in WPP in the 1st quarter valued at $5,151,000. JPMorgan Chase & Co. purchased a new position in WPP during the 1st quarter worth $6,295,000. Dimensional Fund Advisors LP purchased a new position in WPP during the 1st quarter worth $16,006,000. Commonwealth Equity Services LLC purchased a new position in WPP during the 1st quarter worth $499,000. Finally, UBS Group AG purchased a new position in WPP during the 1st quarter worth $6,050,000. 5.14% of the stock is owned by institutional investors and hedge funds.
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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