WPP plc American Depositary Shares (WPP) Downgraded by Macquarie

Macquarie lowered shares of WPP plc American Depositary Shares (NYSE:WPP) from an outperform rating to a neutral rating in a research report sent to investors on Tuesday, The Fly reports.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised WPP plc American Depositary Shares from a sell rating to a buy rating and set a $102.00 target price for the company in a research note on Tuesday, October 24th. Pivotal Research raised WPP plc American Depositary Shares from a hold rating to a buy rating in a research note on Tuesday, October 31st. Morgan Stanley cut WPP plc American Depositary Shares from an overweight rating to an equal weight rating in a research note on Tuesday, September 26th. Finally, ValuEngine cut WPP plc American Depositary Shares from a buy rating to a hold rating in a research note on Sunday, December 31st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $116.00.

Shares of WPP plc American Depositary Shares (WPP) opened at $89.64 on Tuesday. WPP plc American Depositary Shares has a 52 week low of $82.44 and a 52 week high of $119.12. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.67.

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About WPP plc American Depositary Shares

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.

The Fly

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