Wpp Plc (WPP) Price Target Lowered to GBX 1,410 at Berenberg Bank

Wpp Plc (LON:WPP) had its price target reduced by Berenberg Bank from GBX 1,750 ($23.09) to GBX 1,410 ($18.61) in a report issued on Wednesday morning. Berenberg Bank currently has a hold rating on the stock.

A number of other equities analysts have also commented on the stock. Credit Suisse Group reissued an outperform rating on shares of Wpp Plc in a research report on Friday, July 21st. Deutsche Bank AG reissued a hold rating and issued a GBX 1,750 ($23.09) price target (down previously from GBX 1,890 ($24.94)) on shares of Wpp Plc in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reissued a buy rating on shares of Wpp Plc in a research report on Wednesday, September 13th. J P Morgan Chase & Co dropped their price target on shares of Wpp Plc from GBX 1,900 ($25.07) to GBX 1,697 ($22.39) and set an overweight rating on the stock in a research report on Monday, September 4th. Finally, Liberum Capital dropped their price target on shares of Wpp Plc from GBX 2,000 ($26.39) to GBX 1,865 ($24.61) and set a buy rating on the stock in a research report on Friday, September 8th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Wpp Plc presently has an average rating of Buy and an average price target of GBX 1,775.50 ($23.43).

Wpp Plc (LON WPP) opened at GBX 1,326.50 ($17.50) on Wednesday. Wpp Plc has a 52-week low of GBX 1,259.20 ($16.62) and a 52-week high of GBX 1,928.07 ($25.44).

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The firm also recently declared a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be issued a GBX 22.70 ($0.30) dividend. This represents a yield of 1.55%. The ex-dividend date is Thursday, October 5th.

In other Wpp Plc news, insider Jacques Aigrain purchased 4,000 shares of the stock in a transaction on Friday, August 25th. The shares were purchased at an average price of GBX 1,439 ($18.99) per share, with a total value of £57,560 ($75,956.72).

About Wpp Plc

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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