Shares of Wpp Plc (LON:WPP) dropped 0% during mid-day trading on Thursday . The stock traded as low as GBX 1,284 ($17.17) and last traded at GBX 1,319 ($17.64). Approximately 6,022,289 shares changed hands during trading, an increase of 54% from the average daily volume of 3,900,000 shares. The stock had previously closed at GBX 1,319 ($17.64).
WPP has been the subject of several research reports. Shore Capital reaffirmed a “buy” rating on shares of WPP in a research note on Monday, October 23rd. Macquarie reaffirmed an “outperform” rating and set a GBX 1,400 ($18.72) price objective on shares of WPP in a research note on Tuesday. Goldman Sachs Group reaffirmed a “buy” rating on shares of WPP in a research note on Wednesday, September 13th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,865 ($24.94) price objective on shares of WPP in a research note on Monday, October 2nd. Finally, Deutsche Bank reaffirmed a “hold” rating and set a GBX 1,750 ($23.40) price objective on shares of WPP in a research note on Wednesday, October 25th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 1,750.58 ($23.41).
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WPP 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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