WPP (LON:WPP) Earns “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of WPP (LON:WPP) in a report released on Thursday, Marketbeat Ratings reports.

Several other research firms have also weighed in on WPP. JPMorgan Chase & Co. increased their price objective on shares of WPP from GBX 850 ($10.58) to GBX 890 ($11.08) and gave the stock a neutral rating in a research note on Wednesday, January 31st. Barclays reiterated an overweight rating and set a GBX 1,000 ($12.45) price objective on shares of WPP in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of GBX 1,005.83 ($12.52).

WPP Price Performance

WPP opened at GBX 768.80 ($9.57) on Thursday. The firm has a market cap of £8.23 billion, a price-to-earnings ratio of 7,714.00, a price-to-earnings-growth ratio of 2.54 and a beta of 1.14. WPP has a fifty-two week low of GBX 656 ($8.17) and a fifty-two week high of GBX 965.60 ($12.02). The company’s 50-day moving average price is GBX 738.76 and its 200 day moving average price is GBX 734.01. The company has a quick ratio of 0.89, a current ratio of 0.86 and a debt-to-equity ratio of 179.40.

WPP Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 6th will be paid a GBX 24.40 ($0.30) dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 3.13%. This is a positive change from WPP’s previous dividend of $15.00. WPP’s dividend payout ratio (DPR) is presently 39,000.00%.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.