Liberum Capital restated their buy rating on shares of WPP (LON:WPP) in a research report sent to investors on Friday morning, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also issued research reports about the stock. Barclays reaffirmed an overweight rating on shares of WPP in a report on Monday, July 15th. JPMorgan Chase & Co. upped their target price on shares of WPP from GBX 1,090 ($14.24) to GBX 1,100 ($14.37) and gave the stock an overweight rating in a report on Wednesday, April 24th. Shore Capital reaffirmed a house stock rating on shares of WPP in a report on Friday, July 12th. Numis Securities reaffirmed a reduce rating on shares of WPP in a report on Thursday, June 6th. Finally, Morgan Stanley upped their target price on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an equal weight rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 1,104.64 ($14.43).
WPP stock opened at GBX 971 ($12.69) on Friday. WPP has a 52-week low of GBX 791 ($10.34) and a 52-week high of GBX 1,323.50 ($17.29). The stock has a market capitalization of $12.25 billion and a price-to-earnings ratio of 11.52. The business’s fifty day simple moving average is GBX 960.28. The company has a debt-to-equity ratio of 67.91, a current ratio of 0.96 and a quick ratio of 0.94.
The company also recently disclosed a dividend, which will be paid on Monday, November 4th. Investors of record on Thursday, October 3rd will be issued a GBX 22.70 ($0.30) dividend. This represents a dividend yield of 2.33%. The ex-dividend date is Thursday, October 3rd. WPP’s dividend payout ratio is currently 0.71%.
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 Consulting, Health & Wellness 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.
Further Reading: Cost of Equity For A Business, Investors
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