Shares of Wpp Plc (LON:WPP) were down 0% during mid-day trading on Monday . The company traded as low as GBX 1,361 ($18.32) and last traded at GBX 1,365 ($18.37). Approximately 5,142,412 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 4,350,000 shares. The stock had previously closed at GBX 1,365 ($18.37).
WPP has been the topic of several analyst reports. Numis Securities reissued an “under review” rating on shares of WPP in a research report on Tuesday, October 31st. Liberum Capital reissued a “buy” rating and set a GBX 1,815 ($24.43) target price on shares of WPP in a research report on Friday, November 17th. Shore Capital raised WPP to a “buy” rating in a research report on Friday, September 29th. Deutsche Bank cut their target price on WPP from GBX 1,750 ($23.55) to GBX 1,510 ($20.32) and set a “hold” rating on the stock in a research report on Wednesday, November 1st. Finally, Morgan Stanley downgraded WPP to an “equal weight” rating and cut their target price for the company from GBX 1,930 ($25.98) to GBX 1,600 ($21.53) in a research report on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. WPP presently has an average rating of “Buy” and an average price target of GBX 1,765.55 ($23.76).
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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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