WPP (LON:WPP) Price Target Raised to GBX 1,090

WPP (LON:WPP) had its price target boosted by Deutsche Bank from GBX 1,070 ($13.98) to GBX 1,090 ($14.24) in a research note released on Monday morning, ThisIsMoney.Co.Uk reports. Deutsche Bank currently has a buy rating on the stock.

WPP has been the subject of a number of other reports. Barclays reaffirmed an overweight rating on shares of WPP in a report on Monday, July 15th. Shore Capital reaffirmed a buy rating on shares of WPP in a report on Friday, August 9th. UBS Group reaffirmed a buy rating and set a GBX 1,150 ($15.03) price objective on shares of WPP in a report on Monday, July 15th. Berenberg Bank reaffirmed a hold rating and set a GBX 900 ($11.76) price objective on shares of WPP in a report on Friday, July 12th. Finally, HSBC reduced their price objective on shares of WPP from GBX 1,000 ($13.07) to GBX 970 ($12.67) and set a hold rating for the company in a report on Thursday, July 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. WPP has an average rating of Hold and an average target price of GBX 1,104.64 ($14.43).

LON WPP opened at GBX 937 ($12.24) on Monday. The company has a debt-to-equity ratio of 67.91, a current ratio of 0.96 and a quick ratio of 0.94. The firm has a market capitalization of $11.82 billion and a price-to-earnings ratio of 11.12. The company’s fifty day moving average is GBX 959.29 and its two-hundred day moving average is GBX 917.03. WPP has a 52-week low of GBX 791 ($10.34) and a 52-week high of GBX 1,323.50 ($17.29).

The company also recently declared a dividend, which will be paid on Monday, November 4th. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 22.70 ($0.30) per share. This represents a yield of 2.33%. The ex-dividend date is Thursday, October 3rd. WPP’s dividend payout ratio is currently 0.71%.

About WPP

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.

Read More: What does a bar chart display?

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.