Several other research analysts have also commented on WPP. Zacks Investment Research raised WPP from a sell rating to a hold rating in a research report on Saturday, June 30th. JPMorgan Chase & Co. reissued a buy rating on shares of WPP in a research report on Monday, July 23rd. ValuEngine raised WPP from a strong sell rating to a sell rating in a research report on Thursday, August 23rd. Finally, Pivotal Research raised WPP from a hold rating to a buy rating in a research report on Thursday, October 25th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. WPP currently has an average rating of Hold and an average target price of $107.00.
NYSE:WPP opened at $55.38 on Friday. WPP has a 12 month low of $54.92 and a 12 month high of $103.53. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 2.00 and a beta of 1.12.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of WPP during the third quarter worth about $229,000. Intercontinental Wealth Advisors LLC purchased a new stake in shares of WPP during the third quarter worth about $235,000. BTIM Corp. purchased a new stake in shares of WPP during the third quarter worth about $252,000. FNY Investment Advisers LLC purchased a new stake in shares of WPP during the second quarter worth about $279,000. Finally, Global Trust Asset Management LLC increased its position in shares of WPP by 20.4% during the third quarter. Global Trust Asset Management LLC now owns 4,769 shares of the business services provider’s stock worth $349,000 after acquiring an additional 809 shares during the last quarter. 5.11% of the stock is currently owned by institutional investors and hedge funds.
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: Understanding Compound Annual Growth Rate (CAGR)
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