A number of other research analysts also recently issued reports on WPP. Shore Capital reissued a buy rating on shares of Wpp Plc in a report on Tuesday. Macquarie reissued an outperform rating and issued a GBX 1,800 ($23.75) price target on shares of Wpp Plc in a report on Friday, August 11th. Morgan Stanley downgraded Wpp Plc to an equal weight rating and decreased their price target for the company from GBX 1,930 ($25.47) to GBX 1,600 ($21.11) in a report on Tuesday, September 26th. Liberum Capital reissued a buy rating and issued a GBX 1,865 ($24.61) price target on shares of Wpp Plc in a report on Monday. Finally, Investec reissued a hold rating on shares of Wpp Plc in a report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Wpp Plc currently has an average rating of Buy and an average price target of GBX 1,775.50 ($23.43).
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The company also recently declared a dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, October 5th will be given a dividend of GBX 22.70 ($0.30) per share. This represents a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 5th.
In related news, insider Jacques Aigrain bought 4,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was bought at an average cost of GBX 1,439 ($18.99) per share, for a total transaction of £57,560 ($75,956.72).
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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