A number of other equities research analysts have also weighed in on the company. Liberum Capital restated a buy rating on shares of WPP in a research note on Friday, August 10th. UBS Group restated a buy rating and set a GBX 1,660 ($21.62) price target on shares of WPP in a research note on Monday, August 20th. Libertas Partners restated a buy rating and set a GBX 1,750 ($22.80) price target on shares of WPP in a research note on Friday, August 10th. Kepler Capital Markets restated a buy rating on shares of WPP in a research note on Tuesday, September 4th. Finally, Shore Capital restated 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 given a buy rating to the company. WPP presently has an average rating of Hold and a consensus target price of GBX 1,466.74 ($19.11).
Shares of WPP stock traded down GBX 4.50 ($0.06) during trading hours on Wednesday, reaching GBX 1,133 ($14.76). 2,469,094 shares of the company’s stock were exchanged, compared to its average volume of 6,860,000. WPP has a 1 year low of GBX 1,121.44 ($14.61) and a 1 year high of GBX 1,774 ($23.11).
The company also recently declared a dividend, which will be paid on Monday, November 5th. Investors of record on Thursday, October 4th will be given a dividend of GBX 22.70 ($0.30) per share. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 4th.
In other news, insider Mark Read purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was purchased at an average cost of GBX 1,145 ($14.91) per share, for a total transaction of £114,500 ($149,146.80).
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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