Wpp Plc (NASDAQ:WPPGY) Downgraded by BidaskClub to Strong Sell

BidaskClub downgraded shares of Wpp Plc (NASDAQ:WPPGY) from a sell rating to a strong sell rating in a research report released on Wednesday, July 12th.

WPPGY has been the subject of a number of other research reports. UBS AG assumed coverage on shares of Wpp Plc in a research note on Tuesday, June 13th. They set a buy rating for the company. Zacks Investment Research downgraded shares of Wpp Plc from a hold rating to a sell rating in a research report on Tuesday, April 18th. Wells Fargo & Company reissued a hold rating on shares of Wpp Plc in a research report on Wednesday, April 12th. BNP Paribas cut Wpp Plc from an outperform rating to an underperform rating in a report on Friday, July 7th. Finally, ValuEngine cut Wpp Plc from a buy rating to a hold rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $121.50.

Wpp Plc (NASDAQ WPPGY) traded up 0.68% during midday trading on Wednesday, reaching $104.01. 109,700 shares of the company traded hands. The firm has a market capitalization of $26.36 billion, a PE ratio of 14.69 and a beta of 1.20. The company’s 50-day moving average price is $105.46 and its 200 day moving average price is $109.67. Wpp Plc has a 12 month low of $99.94 and a 12 month high of $121.55.

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Large investors have recently bought and sold shares of the stock. Huntington National Bank raised its stake in Wpp Plc by 62.6% in the second quarter. Huntington National Bank now owns 1,179 shares of the business services provider’s stock valued at $124,000 after buying an additional 454 shares in the last quarter. Gradient Investments LLC raised its stake in Wpp Plc by 195.2% in the second quarter. Gradient Investments LLC now owns 6,748 shares of the business services provider’s stock valued at $711,000 after buying an additional 4,462 shares in the last quarter. Sit Investment Associates Inc. raised its stake in Wpp Plc by 0.6% in the second quarter. Sit Investment Associates Inc. now owns 7,945 shares of the business services provider’s stock valued at $837,000 after buying an additional 45 shares in the last quarter. Sky Investment Group LLC raised its stake in Wpp Plc by 3.3% in the second quarter. Sky Investment Group LLC now owns 24,187 shares of the business services provider’s stock valued at $2,550,000 after buying an additional 782 shares in the last quarter. Finally, Creative Planning raised its stake in Wpp Plc by 6.1% in the second quarter. Creative Planning now owns 8,917 shares of the business services provider’s stock valued at $940,000 after buying an additional 514 shares in the last quarter. 3.97% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Wpp Plc (NASDAQ:WPPGY)

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