Wpp Plc (WPP) PT Lowered to GBX 1,865 at Liberum Capital

Wpp Plc (LON:WPP) had its price objective trimmed by Liberum Capital from GBX 2,000 ($25.83) to GBX 1,865 ($24.09) in a research note released on Friday. The firm currently has a buy rating on the stock.

WPP has been the subject of a number of other reports. Shore Capital cut Wpp Plc to a hold rating in a research report on Tuesday, June 27th. Barclays PLC restated an overweight rating and issued a GBX 2,025 ($26.15) price objective on shares of Wpp Plc in a research report on Friday, July 7th. Macquarie restated an outperform rating and issued a GBX 1,800 ($23.25) price objective on shares of Wpp Plc in a research report on Tuesday, August 1st. J P Morgan Chase & Co restated an overweight rating on shares of Wpp Plc in a research report on Thursday, August 24th. Finally, Citigroup Inc. restated a buy rating on shares of Wpp Plc in a research report on Friday, July 14th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Wpp Plc has a consensus rating of Buy and a consensus price target of GBX 1,833.50 ($23.68).

Wpp Plc (WPP) opened at 1395.00 on Friday. Wpp Plc has a 1-year low of GBX 1,381.00 and a 1-year high of GBX 1,928.07. The firm has a 50-day moving average price of GBX 1,511.28 and a 200 day moving average price of GBX 1,647.67. The company’s market capitalization is GBX 17.66 billion.

Wpp Plc (LON:WPP) last posted its quarterly earnings data on Sunday, August 20th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. On average, equities analysts predict that Wpp Plc will post $125.93 EPS for the current year.

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The business also recently disclosed a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be paid a dividend of GBX 22.70 ($0.29) per share. This represents a yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 5th.

In related news, insider Jacques Aigrain acquired 4,000 shares of the stock in a transaction on Friday, August 25th. The shares were bought at an average price of GBX 1,439 ($18.58) per share, with a total value of £57,560 ($74,338.11).

Wpp Plc 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.

Analyst Recommendations for Wpp Plc (LON:WPP)

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