WPP (WPP) Receives “Buy” Rating from Liberum Capital

Liberum Capital reissued their buy rating on shares of WPP (LON:WPP) in a report released on Tuesday morning.

WPP has been the topic of a number of other reports. Citigroup reaffirmed a buy rating on shares of WPP in a research note on Wednesday, June 13th. Shore Capital reaffirmed a hold rating on shares of WPP in a research note on Friday, August 31st. Libertas Partners reaffirmed a buy rating and issued a GBX 1,750 ($22.87) price objective on shares of WPP in a research note on Friday, August 10th. Goldman Sachs Group set a GBX 1,441 ($18.83) price objective on shares of WPP and gave the company a neutral rating in a research note on Monday, August 13th. Finally, Berenberg Bank reaffirmed a sell rating and issued a GBX 1,075 ($14.05) price objective on shares of WPP in a research note on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, nine 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 price target of GBX 1,466.74 ($19.17).

Shares of WPP stock opened at GBX 1,058.50 ($13.83) on Tuesday. WPP has a 52-week low of GBX 1,121.44 ($14.65) and a 52-week high of GBX 1,774 ($23.18).

The company also recently declared a dividend, which will be paid on Monday, November 5th. Stockholders of record on Thursday, October 4th will be given a dividend of GBX 22.70 ($0.30) per share. The ex-dividend date is Thursday, October 4th. This represents a dividend yield of 1.9%.

In other news, insider Mark Read purchased 10,000 shares of WPP stock in a transaction dated Thursday, September 6th. The shares were bought at an average cost of GBX 1,145 ($14.96) per share, with a total value of £114,500 ($149,614.53).

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 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.

See Also: 52-Week High/Low

Analyst Recommendations for WPP (LON:WPP)

Receive News & Ratings for WPP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply