Analysts Set WPP plc (LON:WPP) PT at GBX 946.67

WPP plc (LON:WPP) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 946.67 ($12.28).

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of WPP from GBX 990 ($12.84) to GBX 950 ($12.32) and set a “buy” rating for the company in a report on Friday, August 9th. Citigroup reissued a “buy” rating on shares of WPP in a research note on Thursday, September 5th. Finally, Shore Capital restated a “buy” rating on shares of WPP in a research report on Wednesday, October 23rd.

WPP Price Performance

WPP stock opened at GBX 828.20 ($10.74) on Thursday. The firm has a 50 day moving average of GBX 765.32 and a 200-day moving average of GBX 765.27. The firm has a market capitalization of £8.94 billion, a P/E ratio of 4,358.95, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. WPP has a 12 month low of GBX 678.80 ($8.80) and a 12 month high of GBX 856.80 ($11.11). The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 190.55.

WPP Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a dividend of GBX 15 ($0.19) per share. This represents a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, October 10th. WPP’s dividend payout ratio (DPR) is currently 20,526.32%.

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.