Favorable Press Coverage Likely to Affect Wpp Plc (WPPGY) Share Price

Media coverage about Wpp Plc (NASDAQ:WPPGY) has trended positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Wpp Plc earned a news impact score of 0.33 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 67 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the near future.

Shares of Wpp Plc (WPPGY) traded down 0.12% on Friday, reaching $101.81. 101,371 shares of the company’s stock were exchanged. The company’s 50 day moving average is $102.93 and its 200-day moving average is $108.51. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 14.28 and a beta of 1.19. Wpp Plc has a one year low of $99.94 and a one year high of $121.55.

Several research analysts recently commented on the stock. ValuEngine downgraded shares of Wpp Plc from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Wpp Plc from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research note on Friday, May 19th. BidaskClub downgraded shares of Wpp Plc from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. UBS AG began coverage on shares of Wpp Plc in a research note on Tuesday, June 13th. They issued a “buy” rating on the stock. Finally, BNP Paribas downgraded shares of Wpp Plc from an “outperform” rating to an “underperform” rating in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $121.50.

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Wpp Plc Company Profile

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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